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Richard1976

Selling A Non-Std Construction House

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Hi all,

Hope someone can give me a little help here. I purchased a house 6 years ago, it is of non-standard construction. This didnt seem like a big deal to the bank at the time and was barely mentioned. However, I now need to sell it and it is becoming a worry. The type of construction is Hawthorn Leslie.It is a steel frame house, ex council. Bricks were added to the outside of my row of 5 houses around 20 years ago to make them more mortgage friendly. As soon as this was done the 2 houses that werent council owned have been bought and sold a few times. I have phoned several banks to check on mortgage suitability and they were not of much use. Only Halifax said it would be definitely be ok, this is who gave me my mortgage in the first place. Whats my chances of getting this place sold. Thanks in advance for any help offered.

Richard

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Hi all,

Hope someone can give me a little help here. I purchased a house 6 years ago, it is of non-standard construction. This didnt seem like a big deal to the bank at the time and was barely mentioned. However, I now need to sell it and it is becoming a worry. The type of construction is Hawthorn Leslie.It is a steel frame house, ex council. Bricks were added to the outside of my row of 5 houses around 20 years ago to make them more mortgage friendly. As soon as this was done the 2 houses that werent council owned have been bought and sold a few times. I have phoned several banks to check on mortgage suitability and they were not of much use. Only Halifax said it would be definitely be ok, this is who gave me my mortgage in the first place. Whats my chances of getting this place sold. Thanks in advance for any help offered.

Richard

I bought and sold a non-standard construction flat, and Halifax were the only big lenders willing to fund this type of property. God knows what they'll lend on in this climate. I suggest you speak to an IFA, there might be specialist lenders out there.

BTW, because it was NSC, it was dirt cheap, and close to being within the scope of a large personal loan. Don't know if that's of any use in your case.

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everything sells at a price, imho it isn't a problem it will sell. The big question is what is it worth...

Very true, it always makes me laugh when people say their house is hard to sell. It's only hard to sell if it's overpriced. Not that I'm saying this is relevant to the OP, just making a comment.

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  • 140 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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