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Mortgage no central heating
Starting to panic as we have our valuation for our first mortgage with Saffron happening today. The house is a bit of a project and has no central heating. Do you think this might be a problem in regards to getting the mortgage?
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@kennedy1989 Some lenders ask a yes/no question about central heating in the full application. I don't know if Saffron asks that question or not and if they did, whether your broker was aware and answered it accurately or not.kennedy1989 said:Hi
Starting to panic as we have our valuation for our first mortgage with Saffron happening today. The house is a bit of a project and has no central heating. Do you think this might be a problem in regards to getting the mortgage?
The main test for standard mainstream resi mortgages is whether the house is habitable or not. If it's a physical valuation and the surveyor feels that it isn't habitable in its present condition, then it may be an issue.I am a Mortgage Adviser - You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
PLEASE DO NOT SEND PMs asking for one-to-one-advice, or representation.
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Thank you, do you know what they constitute as habitable? I Mean there’s a boiler for hot water and gas fires. Then it’s more redecorating that’s needed.
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I've never heard of the lack of central heating being among lender criteria. After all, lots of new-ish flats these days seem to just have electric panel heaters stuck to the walls, so not really much different from plugging in some heaters.1
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@kennedy1989 It's not an exact science and somewhat subjective. From experience and very generally speaking
redocoration required - ok
big hole in internal wall, bathroom/kitchen unusable, naked wires hanging from the ceiling, etc - not ok
Re heating, I've never been told by a client that a mortgage valuation surveyor turned on the heating to check if it's working.
Unless the house is an absolute dump and the boiler is hanging off the wall by one screw, I wouldn't stress too much until there's an actual reason to
I am a Mortgage Adviser - You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
PLEASE DO NOT SEND PMs asking for one-to-one-advice, or representation.
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Ok thank you! Won’t stress too much. Think it’s just the stress to see if we get the mortgage offer after such a long wait getting to me
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tends to be more of an issue on BTL cases where the valuer wants it to be rentable from day1. Had a few cases fall through for lack pf central heating on BTL's. Never on resi so hopefully you should be fine.
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We got a mortgage on a house without central heating...however that was in 1976 and things might have changed a bit since then!0
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