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Questions & Answers The Free Mortgage Advice Forum Non Standard Construction
Re:Woolaway House - Can I remortgage? (0 viewing) 
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TOPIC: Re:Woolaway House - Can I remortgage?
#8
Stuart (Visitor)

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Woolaway House - Can I remortgage? 4 Months, 2 Weeks ago  
Hello,
My current fixed rate deal is coming to an end and I'm looking around for options to switch mortgage. The issue I have is that my woolaway house is being counted as something called 'non standard construction'.

Can anybody explain what this means for me?? Why does this mean that mortgage rates are higher for my property??

Any advice would be appriciated...

Thanks in advance...

Stuart
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#23
Priya9405 (User)
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Re:Woolaway House - Can I remortgage? 3 Months, 4 Weeks ago Karma: 1  
Hi,
Non standard construction means- your house is not made of bricks and mortar with a slates/tiled roof. The reason interest rates are higher is because the lenders aren't sure of the reliablity of your house as a deposit.
You can find lenders out there that specialise in non standard constructions.

Hope this helps
Priya
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