Dingdongler

I only recently discovered that many lenders won't mortgage flats more than four storeys (or six with a lift) high. However I can't seem to find a sensible reason as to why and am further confused by the fact that many expensive new builds that continue to be built in London are way over four/six storeys.

Does anybody know what the score is?

cookstar

iTrader: (6)

I didn't have a problem getting a mortgage on an apartment, it was the eighth (top) floor. Maybe it's ex LA that cause problems.

Petem95

I think maybe it's only the case with old concrete high-rises maybe?

I've just bought a top floor apartment (7th floor) in a modern development and the floor wasn't a factor with the mortgage.

zip106

That's the difference - 'apartment' and 'flat'

Dingdongler

Thanks. Perhaps the issue is with ex LA flats then.

Wurzel

iTrader: (1)

Posh people have apartments and poor people have flats.