Non Standard Construction Properties gives Affordable Housing
In these tough economic times where it difficult to get on the housing ladder or awkward to find a property bargain non standard construction properties could offer a viable solution.
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.
The properties where built by the Local Councils and formed part of the housing stock, when the Right To Buy legislation was enacted by Margaret Thatchers conservative party in the 1980's these houses slowly where sold into private hands as "Right To Buy" exploed in popularity
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.
A lot of the non-traditional housing are ex local authority flats, maisonettes or low rise bungalows some of the more popular construction types are Airey, Cornish, Unity, Wates, Reema, Stent and Woolaway. 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.
PRC or non traditionally built properties could answer some very simple affordable housing solutions for the UK home mover or professional buy to let investor. If you are an investor you will no doubt have come up against problems when your rental yields do not stack up as property prices have soared over the past few years, 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.
For a FREE no obligation quote on a mortgage for non standard construction property please visit Enable Finance Ltd online. 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. 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.
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.
The properties where built by the Local Councils and formed part of the housing stock, when the Right To Buy legislation was enacted by Margaret Thatchers conservative party in the 1980's these houses slowly where sold into private hands as "Right To Buy" exploed in popularity
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.
A lot of the non-traditional housing are ex local authority flats, maisonettes or low rise bungalows some of the more popular construction types are Airey, Cornish, Unity, Wates, Reema, Stent and Woolaway. 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.
PRC or non traditionally built properties could answer some very simple affordable housing solutions for the UK home mover or professional buy to let investor. If you are an investor you will no doubt have come up against problems when your rental yields do not stack up as property prices have soared over the past few years, 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.
For a FREE no obligation quote on a mortgage for non standard construction property please visit Enable Finance Ltd online. 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. 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.
About the Author:
Enable Finance are expert providers of mortgages and loans within the United Kingdom for a personalised quote on our best mortgage rates or to find out more information on non standard construction mortgages please visit our site
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