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Concessionary mortgage on a non standard construction
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amyj7212
Posts: 3 Newbie
Does anyone happen to know of any lenders for non standard construction property Whilst also using a concessionary mortgage for less than 10% discount ? Home report says construction is: The outer walls are of cross wall construction. The front and rear elevations are of K-lath construction and have a rendered and Fyfe stone outer leaf. The gable walls are of timber frame construction and have a mainly Fyfe stone outer leaf.
any lender recommendations appreciated.
any lender recommendations appreciated.
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Comments
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It might be worth getting a broker. This seems quite unique, I would be surprised if there are many people in a similar situation.
I wouldnt have a clue personally, it might be worth using a local broker. I would just end up calling through all of the lenders in price order until we get to one that seems ok. I have no idea if that would be the 1st lender or 71st.
I am a Mortgage AdviserYou 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.0 -
Presumably you mean a concessionary purchase; or gifted equity?
What is the location (E, S, W, NI?) and who owns the property as this will have a very large impact on the outcome. Once you have resolved that, you know the pool of lenders open to you re the construction.
Definitely one for a broker as ACG suggested.I am a mortgage broker. 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.0 -
Im going with Scotland.kingstreet said:Presumably you mean a concessionary purchase; or gifted equity?
What is the location (E, S, W, NI?) and who owns the property as this will have a very large impact on the outcome. Once you have resolved that, you know the pool of lenders open to you re the construction.
Definitely one for a broker as ACG suggested.
I am a Mortgage AdviserYou 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.0 -
Home Report? Yep, good spot.ACG said:
Im going with Scotland.kingstreet said:Presumably you mean a concessionary purchase; or gifted equity?
What is the location (E, S, W, NI?) and who owns the property as this will have a very large impact on the outcome. Once you have resolved that, you know the pool of lenders open to you re the construction.
Definitely one for a broker as ACG suggested.I am a mortgage broker. 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.0 -
I missed that...kingstreet said:
Home Report? Yep, good spot.ACG said:
Im going with Scotland.kingstreet said:Presumably you mean a concessionary purchase; or gifted equity?
What is the location (E, S, W, NI?) and who owns the property as this will have a very large impact on the outcome. Once you have resolved that, you know the pool of lenders open to you re the construction.
Definitely one for a broker as ACG suggested.
Fyfe stone
Fyfe is in Scotland - that was my logic. Which makes me feel really thick just saying that. So we will just go with the mention of the home report.I am a Mortgage AdviserYou 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.1 -
Yes so should have mentioned Scotland. House is owned by my mother in law and her siblings. Mortgage broker has tried so many lenders and struggling to find one that will lend on the property0
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