Recommendation of a mortgage broker for rural property s
Recommendation of a mortgage broker for rural property s
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TVR Tommy

Original Poster:

626 posts

253 months

Wednesday 22nd April
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Could anyone recommend a mortgage broker who specialises in rural property’s. Septic tanks that are possibly non compliant and acreage knowledge. These things seem to be a problem for some of the run of the mill mortgage providers.

Thanks in advance.

StuntCock

252 posts

211 months

Thursday 23rd April
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AMC

TVR Tommy

Original Poster:

626 posts

253 months

Thursday 23rd April
quotequote all
Thanks for the input.

I should have included that we aren t looking to run a business from it for the time being.

From what I understand a lot of lenders won t lend on a property with over 10 acres. Also they have problems with septic tanks not being up to standard. The houses I m most interested in will be elderly owners or probate property s. As I want a project and I m finding these property s have non compliant septics and the sellers aren t willing to fit a new septic tank before they sell.

I d like to find a broker that understands all the pit falls before we get to them.

Edited by TVR Tommy on Thursday 23 April 10:32

48k

17,190 posts

176 months

Thursday 23rd April
quotequote all
TVR Tommy said:
Thanks for the input.

I should have included that we aren t looking to run a business from it for the time being.

From what I understand a lot of lenders won t lend on a property with over 10 acres. Also they have problems with septic tanks not being up to standard. The houses I m most interested in will be elderly owners or probate property s. As I want a project and I m finding these property s have non compliant septics and the sellers aren t willing to fit a new septic tank before they sell.

I d like to find a broker that understands all the pit falls before we get to them.

Edited by TVR Tommy on Thursday 23 April 10:32
I found the same when I was looking for a property 18 months ago - 10 acres seems to be a magic ceiling number where a lot of lenders won't offer a domestic mortgage they class it as commercial.