Non Standard Construction Properties gives Affordable Housing
As the recession begins to take hold and the availability of mortgages is reducing its even more difficult to find an affordable home, non-traditional construction properties could offer a viable alternative
Non traditional construction or prefabricated concrete properties where originally designed as temporary housing as a solution to soldiers returning home after the Second World War and bomb damaged properties.
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.
About 1.25 million (one million two hundred and fifty thousand) non traditional houses were built after the war, which offers a great affordable housing stock for the UK home buyer or investor.
The majority of non standard property are ex council flats, maisonettes, semi detached or bungalows some of the more popular PRC build types are Reema Hollow Panel, Woolawy Bungalow, Wimpey No Fines and waites construction. Enable Finance Ltd provide non standard construction mortgages even if these non standard properties do not have a PRC certificate or have not had structural engineering works carried out.
Non-traditional housing could provide the UK house hunter or buy to let investor a very viable solution. If you are a buy to let investor you will no doubt have come up against the rental yields not stacking up as property prices have soared 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 traditional construction or prefabricated concrete properties where originally designed as temporary housing as a solution to soldiers returning home after the Second World War and bomb damaged properties.
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.
About 1.25 million (one million two hundred and fifty thousand) non traditional houses were built after the war, which offers a great affordable housing stock for the UK home buyer or investor.
The majority of non standard property are ex council flats, maisonettes, semi detached or bungalows some of the more popular PRC build types are Reema Hollow Panel, Woolawy Bungalow, Wimpey No Fines and waites construction. Enable Finance Ltd provide non standard construction mortgages even if these non standard properties do not have a PRC certificate or have not had structural engineering works carried out.
Non-traditional housing could provide the UK house hunter or buy to let investor a very viable solution. If you are a buy to let investor you will no doubt have come up against the rental yields not stacking up as property prices have soared 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 mortgage rates or to find out more information on non standard construction mortgages please visit our site
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