Single Skin Brickwork Mortgage Myths

Davesnave

GreenSnake wrote: »

Why did you buy a house with subsidence?

They didn't. The house had been underpinned, which means that it was stronger than the surrounding properties at the time of purchase.

antheagerrie

I was shocked to learn no equity release lenders will consider single brick construction - and as my home is Grade II listed, wonder if I would even be granted permission to add an extra layer of bricks on the inside?

Davesnave

antheagerrie wrote: »

I was shocked to learn no equity release lenders will consider single brick construction - and as my home is Grade II listed, wonder if I would even be granted permission to add an extra layer of bricks on the inside?

Even if you did gain permission, which is very doubtful, you'd reduce the floor area and the cost would be prohibitive.

Doozergirl

antheagerrie wrote: »

I was shocked to learn no equity release lenders will consider single brick construction - and as my home is Grade II listed, wonder if I would even be granted permission to add an extra layer of bricks on the inside?

Genuinely single skin, or solid wall construction where many bricks are laid perpendicular?

Genuinely single skin house are rare as, well, they didn't stand the test of time so well

antheagerrie

How to tell the difference between genuinely single skin and solid wall construction? There is only one course of bricks on the ground floor, behind which there is insulation and plasterboard lining on the inside. The house was built in 1720, but my understanding is many timber-framed house had their ground floors upgraded with brick construction in probably the 19th century. Whatever, the house has stood for 300 years with no problems but still not being considered by any equity release lenders!

antheagerrie

Some of the lenders you quote are also in the lifetime mortgage business, but brokers insist no equity release lenders will advance on single skin construction. Do they have two sets of standards depending on what kind of mortgage is being applied for?

bxboards

My cottage was built around the turn of the 18 century (possible 1780) and at some point someone converted what would have been an old wash room or coal house into a bedroom. Was built as single skin brickwork. Too be honest, the room was very damp 'as was'

I ended up essentially putting in another skin - cost me a few inches, but was the only way to get it truly dry.

Grant22

Hi people. I’m trying to buy a house it’s a traditional 2up 2down Croft house built 1800s. Had had a small extension to the front and
One to side built off a single skin walling which the lender is stating they won’t value it and not lend on the property.

Has anybody any experience on this or know off any lenders that would work round this problem.?
In time
The single skin walls would all be sorted and changed and insulated if I can purchase it. It’s an ideal house
In my local rural area with land for animals. Thanks

lincroft1710

Grant22 wrote: »

Had had a small extension to the front and One to side built off a single skin walling which the lender is stating they won’t value it and not lend on the property.

Has anybody any experience on this or know off any lenders that would work round this problem.?

Consult a whole of the market mortgage broker. They should be able to find a suitable lender