I had a mortgage valuation come back at £0 as it was apparently a pre-fabricated house
Before yesterday I had no idea these even existed, but the house is in an ideal area and therefore don’t know if any lender will give me a mortgage on this??
Hi, thanks for getting in contact.
This can be possible but will very much come down to the finer details.
A few key variables that will influence your options:
You are likely going to need a larger deposit for a non-standard property build
Credit profile will be a big factor as non-standard properties are possible with specialist lenders but can come at higher rates
The type of pre-fabrication this property is and whether it’s been maintained within the T&C’s of the build
The Estate Agent never mentioned any of the above, but I will try to ascertain the details now.
Unbelievably the Estate Agent knew all about it, he says it is steel framed and has been maintained appropriately.
I’ve implied that I may revise my price now I am aware of this new information, although he doesn’t think it makes any difference
Most of my adverse credit is historic and I do have a sensible deposit.
I’ll think on and report back