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.
Let me know how you get on and feel free to ask any follow up questions
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