1950's timber framed house

sheffield_lad

Hello, my son is interested in buying a 1950's ex-council timber framed house. He's asked me (novice), my thoughts & I didn't think it would be problematic until he mentioned it has had a sold sign on a couple of times but the sale has fallen through due to the buyers (FTB), not being able to obtain a mortgage on the property, so now I am worried that he will either,
a, struggle to obtain a mortgage or
b, struggle to sell it when the time comes to move on.

Has anyone any thoughts on timer framed from the era?

sheramber

Could they not get a mortgage, full stop.

Or could they not get a high enough mortgage to buy the house.  They have have bid over the vaue and and could not make up the difference with the lender's valuation.

Do you have a link to the house?

Someone  may be able to give more advice.

housebuyer143

Is it 100% timber, or brick clad? 
Might have some issues with some lenders on the former.

sheffield_lad

3 bedroom semi-detached house for sale in Haugh Road, Rawmarsh, S62 (rightmove.co.uk)

Hi thank you for the reply's it's the one linked here. So brick clad timber framed. I think the issue over the mortgage was the type of build as opposed to the actual valuation but not entirely sure.

housebuyer143

Timber framed with brick cladding is acceptable to most lenders. I suppose it could be the year it was built plus it being timber that's the issue. 
What does the agent say about why the others fell through? 

stuart45

Timber framed properties used to have certain problems that were highlighted in a World in Action programme in the early 80's. After that the industry collapsed overnight, although in recent years the issues have put right and they have taken a fair bit of the new build market.

sheffield_lad

Thanks for the input, I think I will tell him (son), to look into why the other buyers pulled out via the agent.