SB100
Hi..

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??

Any ideas?
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David@SimplyAdverse

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
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SB100
Thanks David,

The Estate Agent never mentioned any of the above, but I will try to ascertain the details now.
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David@SimplyAdverse
Let me know how you get on and feel free to ask any follow up questions
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SB100
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
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