Non-standard construction is a phrase used rather loosely. It is one that often describes a variety of different building styles. In such cases, lenders seldom seek additional information, choosing instead to pursue standard residential mortgages.
What are the rules and regulations of non-standard construction?
Every mortgage lender has their own specific set of rules about non-standard construction when it comes to mortgages. Furthermore, they may also look at other factors that may have an impact on the marketability of the property before deciding to go forward with a loan for a non-standard construction property.
What should you do if you want to buy a property of non-standard construction?
The first thing you need to do is talk to our Specialist Mortgage Advisor to find out what a mortgage lender will deem to be suitable before you make any decision to buy said property.
The Specialist Mortgage Advisor you talk to will seek help from the Mortgage Lender to see if any other information, which might include specialist reports on property types deemed to be unusual, is required. The information provided will help you decided whether or not to move forward with the process.
YES Specialist Mortgage Services
At Yes Specialist Mortgage Services we are “Specialist Mortgage Advisors “with particular expertise in sourcing and arranging specialist lending products, including buy to let, residential, commercial, development finance and later life lending.
We are committed to offering you the highest possible standards of service. We can undertake the whole process from answering the initial questions through to handling multiple product applications. Ensuring that everyone gets treated with the same urgency and maintaining your best interests are our main goals irrespective of the value of the mortgage.
We recognise that both we and our customers have everything to gain if we look after your best interests and treat you fairly in all aspect of our dealings with you.