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

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

Hi, we are an independent mortgage brokers and have access to a variety of lenders who will allow you to fund a house of this type. You may be better off having the property repaired and then benefiting from better rates as the home would be standard construction. Please call me on 01823 323600 to discuss.

Hi ! I read this article and wondered if you could do Orlit & Whitsun Fairhurst construction

My email is

Re:Woolaway House - Can I remortgage? 1 Month, 2 Weeks ago
Hi, we are an independent mortgage brokers and have access to a variety of lenders who will allow you to fund a house of this type. You may be better off having the property repaired and then benefiting from better rates as the home would be standard construction. Please call me on 01823 323600 to discuss.
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