Non Standard Construction Properties gives Affordable Housing
In these post credit crunch times its becoming increasingly difficult to get on the property ladder or impossible to find an affordable home, non-traditional construction properties could offer a viable alternative
Non standard construction or prefabricated reinforced concrete properties where originally designed as temporary accommodation as a solution to a housing shortage after the Second World War.
These temporary properties where built by Councils as part of their housing stock to be rented out as council houses. When the Conservatives introduced Right To Buy in the 1980's these council houses where sold to the tenants at a discounted price.
RICS Valuation Firms have typically valued these properties far below their traditionally built counterparts, as mortgage lenders shy away from lending on Non standard construction or prefabricated reinforced concrete houses as they are still classed temporary, despite them still being perfectly habitable in the 21st century.
After the war around 1 million 250,000 non standard construction properties were built which now offers the UK buy to let investor or home mover access to affordable housing.
Enable Finance Ltd provide non standard construction mortgages even if these non standard properties do not have a PRC certificate or have not had remedial works carried out. The more popular non traditional housing is Reema Hollow Panel, Woolawy Bungalow, Wimpey No Fines and waites construction and if not always tend to be ex local authority flats or houses.
If you are a buy to let mortgage investor you will I'm have had problems with the rental yields not supporting the mortgage as property prices have risen over the past few years. These properties could offer a solution; make sure you speak with Enable Finance today.
Home movers looking for affordable housing could be very surprised at how inexpensive these properties are especially as the vast majority of the properties purchase prices will be below the government's current stamp duty threshold of 175,000.
Enable Finance Ltd. provide non traditional mortgages on PRC properties in the UK for a free no obligation quote visit it us on line. There will be a fee for arranging mortgages, normally 1% of the advance, subject to a minimum of 1950 and a maximum of 2450. The fee can usually be added to the mortgage amount. Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage. Ask for a personalised illustration.
Non standard construction or prefabricated reinforced concrete properties where originally designed as temporary accommodation as a solution to a housing shortage after the Second World War.
These temporary properties where built by Councils as part of their housing stock to be rented out as council houses. When the Conservatives introduced Right To Buy in the 1980's these council houses where sold to the tenants at a discounted price.
RICS Valuation Firms have typically valued these properties far below their traditionally built counterparts, as mortgage lenders shy away from lending on Non standard construction or prefabricated reinforced concrete houses as they are still classed temporary, despite them still being perfectly habitable in the 21st century.
After the war around 1 million 250,000 non standard construction properties were built which now offers the UK buy to let investor or home mover access to affordable housing.
Enable Finance Ltd provide non standard construction mortgages even if these non standard properties do not have a PRC certificate or have not had remedial works carried out. The more popular non traditional housing is Reema Hollow Panel, Woolawy Bungalow, Wimpey No Fines and waites construction and if not always tend to be ex local authority flats or houses.
If you are a buy to let mortgage investor you will I'm have had problems with the rental yields not supporting the mortgage as property prices have risen over the past few years. These properties could offer a solution; make sure you speak with Enable Finance today.
Home movers looking for affordable housing could be very surprised at how inexpensive these properties are especially as the vast majority of the properties purchase prices will be below the government's current stamp duty threshold of 175,000.
Enable Finance Ltd. provide non traditional mortgages on PRC properties in the UK for a free no obligation quote visit it us on line. There will be a fee for arranging mortgages, normally 1% of the advance, subject to a minimum of 1950 and a maximum of 2450. The fee can usually be added to the mortgage amount. Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage. Ask for a personalised illustration.
About the Author:
Enable Finance are specialist UK mortgage brokers who offer a full advice service, for a no obligation quote or to compare best mortgage deals or to find out more information on non standard construction mortgages please visit our site
posted by Credit Counseling at
11:52 AM
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home