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Mortgage declined on new(ish) build due to timber cladding??!
Comments
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So... the freeholder's technical manager has provided me with the following info to pass onto the lender for their consideration... let's see if this helps my cause... I've asked the broker to pass it onto the Analyst and BDM on the Lender's end...The block is traditional build (pre-cast concrete planks supported by blockwork walls with external brickwork/blockwork cavity construction) and fully compliant with Building Regulations 2006 and NHBC Standards.
I would regard this as standard construction.
The timber rain screen (Thermowood) is both BBA certified and compliant with both Building Regulations 2006 and NHBC Standards.
As the building is under 18m it is not required to adhere to standards relating to limited combustibility.
So not 'reinforced concrete frame construction' then. :think: Perhaps they need a new surveyor?
I wouldn't say the timber cladding is a significant issue, but it might just cause some jitters in valuation terms."In the future, everyone will be rich for 15 minutes"0 -
Exactly!! Surveyor needs their head checking and/or RICS certification revoked.0
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Why?
The Grenfell problems were related to the floors much, MUCH higher than that four-storey building. I can't see how deep that pond is, but in the massively unlikely event you were trapped on the third floor, there's a balcony right over it... Yes, I would...
They are not basing their decision on whether someone would survive a fire by jumping in a pond but whether the building would burn to the ground, because of the cladding.0 -
Whether the building burns down or not is not their problem. That's one for the freeholder's buildings insurance.They are not basing their decision on whether someone would survive a fire by jumping in a pond but whether the building would burn to the ground, because of the cladding.0 -
this morning clydesdale finally came back and declined the mortgage due to the Timber cladding. Broker is putting in an application with Leeds building society today who have indicated that decorative timber cladding isnt an issue. fingers crossed no more hiccups.0
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