Mortgages on Non Standard Construction House
Discussion
Just been to view a house, I was told in advance its non standard construction - I went anyway cos it seemed to fit my criteria, ie Garage and somewhere to sleep ;)
Anyway, whats the deal with a mortgage on one of these places - Ive been told its loads more expensive than a standard mortgage... why? help?
Thanks in advance!
Dom
Anyway, whats the deal with a mortgage on one of these places - Ive been told its loads more expensive than a standard mortgage... why? help?
Thanks in advance!
Dom
Plotloss said:
I know you will very much struggle to get a mortgage on a straw build.
Most modern time saving ideas are covered though.
whys that? not heard of too many problems from other straw builders - so long as it is passed by building control as conforming to Building Regulations
I think its down to risk aversion more than any regulatory control.
We looked at it about 12 months ago and couldnt find a lender that would lend on a straw build unfortunately. The costs are much lower though and I would still like to incorporate it once we find a plot (no pun intended) probably in the form of garaging.
We looked at it about 12 months ago and couldnt find a lender that would lend on a straw build unfortunately. The costs are much lower though and I would still like to incorporate it once we find a plot (no pun intended) probably in the form of garaging.
Plotloss said:
I think its down to risk aversion more than any regulatory control.
We looked at it about 12 months ago and couldnt find a lender that would lend on a straw build unfortunately. The costs are much lower though and I would still like to incorporate it once we find a plot (no pun intended) probably in the form of garaging.
ahhh so i'm not the only one with such a dream - constantly working on trying to get straw bales into my work... so far havent had an oppotunity come to fruition - and building my own home out of straw again remains ever present.
During my last job at Bury Council i was very close to having one project go with the straw idea - costs where very tight, big brief, green belt, site of natural beauty and all that + wanting to get community involment - inital skeptazism from the principle architect gave way to 'go with it and convince me' to getting the client on board - but then his budget ran out for a year and i moved to a different practice...
the greenest thing i have so far managed was sheeps wool insulation in walls of the new Adult Learning Centre in Bury.
Okay, update:
I have been told the building is UNITY 2...!
Whatever that means. My mortgage advisor mate spoke to a couple of lenders who couldnt find anything on their lists to ring alarm bells so we'll have to wait and see.
Time to get an offer in and see if I can bag myself a bargain (3 bed semi, with garage, large garden + big driveway all for £95k!!!).
I have been told the building is UNITY 2...!
Whatever that means. My mortgage advisor mate spoke to a couple of lenders who couldnt find anything on their lists to ring alarm bells so we'll have to wait and see.
Time to get an offer in and see if I can bag myself a bargain (3 bed semi, with garage, large garden + big driveway all for £95k!!!).
Would this be a tin house? I.E. Concrete lower, tin upper?
Most tin uppers have been rendered now so as to look like more normal brick builds.
Northern Rock will lend on them but a survery is around £1500 - £1750 as it required sevearl holes in walls drilling to check the condition of retaining bolts etc.
Good houses though if you want something a bit different and at bargain money!
Matt
Most tin uppers have been rendered now so as to look like more normal brick builds.
Northern Rock will lend on them but a survery is around £1500 - £1750 as it required sevearl holes in walls drilling to check the condition of retaining bolts etc.
Good houses though if you want something a bit different and at bargain money!
Matt
matt_fp said:
Would this be a tin house? I.E. Concrete lower, tin upper?
Most tin uppers have been rendered now so as to look like more normal brick builds.
Northern Rock will lend on them but a survery is around £1500 - £1750 as it required sevearl holes in walls drilling to check the condition of retaining bolts etc.
Good houses though if you want something a bit different and at bargain money!
Matt
phew! (takes off jacket and sits down) late to this thread!
NR will lend as stated above but need a full structural on a sliding scale cost-wise..at 95k it won't be much though, perhaps 750 notes?
there are others but NR seem to be head and shoulders above them at the moment.
We have a number of "Unity" style houses in town here.
Basically they're post-war houses that were designed to be put up quickly, for obvious reasons. I assume "Unity 2" is some sort of improvement on the original design.
They're built with metal framework / concrete slabs and have tin roofs.
As far as i know getting mortgages should not be a problem. The local council spent a fortune upgrading them recently.
Basically they're post-war houses that were designed to be put up quickly, for obvious reasons. I assume "Unity 2" is some sort of improvement on the original design.
They're built with metal framework / concrete slabs and have tin roofs.
As far as i know getting mortgages should not be a problem. The local council spent a fortune upgrading them recently.
After a bit of digging...
These are described as Unity houses..
www.student.cnwl.ac.uk/technology/construction%20of%20houses/start/industbld/unity/unity2.htm
Perhaps the half-concrete, half-metal type is Unity 2 ?
These are described as Unity houses..
www.student.cnwl.ac.uk/technology/construction%20of%20houses/start/industbld/unity/unity2.htm
Perhaps the half-concrete, half-metal type is Unity 2 ?
Apparently the council were considering a compulsary purchase thing in this area fairly recently (with a view to pulling down these houses and building new). The locals all went mad about it so the council checked the houses over and gave them a clean bill of health for another 20-25 years...
If they did go ahead with a compulsary purchase at any time it would be a winner again anyway, the actual market value of the house + the fact its calculated on square footage (corner plot with mucho square footage
) I'd be laughing....I hope!
If they did go ahead with a compulsary purchase at any time it would be a winner again anyway, the actual market value of the house + the fact its calculated on square footage (corner plot with mucho square footage
) I'd be laughing....I hope! Gassing Station | The Pie & Piston Archive | Top of Page | What's New | My Stuff