Any Mortgage Brokers On Here!!!!!!!!!!!
21 January 2008, 06:47 PM
#1
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Any Mortgage Brokers On Here!!!!!!!!!!!
My Son has looked at a house to buy, but it's not brick built it is prefabed, Anyone know if it's harder to get a Mortgage on this type of property.
Cheers
Colin
Cheers
Colin
21 January 2008, 07:25 PM
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I think it's hard to get any type of mortgage in the current climate, however the way house prices are going you won't need a mortgage at all on something like that 
I would imagine it's harder to get a mortgage on that type of 'property', but you'll have to wait for someone last fast bloke to come along to get a professional opinion.
I would imagine it's harder to get a mortgage on that type of 'property', but you'll have to wait for someone last fast bloke to come along to get a professional opinion.
21 January 2008, 07:49 PM
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Oh Pete please!
Have you not noticed that the banks and building societies are still doing business? And their business is selling money! If you are credit worthy, money is available. And if you are not credit worthy, money is still available.
Open your eyes.
By the way, still living with Mum? At your age!
Have you not noticed that the banks and building societies are still doing business? And their business is selling money! If you are credit worthy, money is available. And if you are not credit worthy, money is still available.
Open your eyes.
By the way, still living with Mum? At your age!
21 January 2008, 09:02 PM
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If you mean an Airey type property, then I believe you can't get a mortgage on them, unless it's been bricked up under the PRC scheme. I'm a conveyancer, not a mortgage advisor though.
PRC Properties Limited - Specialists in properties of Non-Traditional Construction
linky just to give you an idea of what your looking at, I think the actual PRC scheme is run by Halifax?
PRC Properties Limited - Specialists in properties of Non-Traditional Construction
linky just to give you an idea of what your looking at, I think the actual PRC scheme is run by Halifax?
21 January 2008, 09:51 PM
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Scoob99 - Yes you can get a mortgage on it. Might be a bit more effort than on 'bricks and mortar' but providing it is structurally sound and won't blow away in a light breeze you will get some lenders prepared to use it as security
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21 January 2008, 09:55 PM
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I should mention - they key to getting a mortgage on a building like this is to be able to get buildings insurance. If it is a postwar metal prefab it shouldn't be a problem. If it is one of the modern particle board flat pack versions, you may have more trouble getting insured
21 January 2008, 11:06 PM
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