What makes a property unmortgageable?

The most common circumstances are;

  • Properties without a kitchen or bathroom.
  • Properties with any kind of structural defect, damp, dry or wet rot.
  • Properties close to mining works, areas of landfill, areas of recent flooding or subsidence.
  • Leasehold properties with a short lease, typically less than 70 years, or a defective lease.
  • Where there are boundary disputes or where planning applications have not been applied for correctly.
  • Derelict property or where part of the building is in severe disrepair and needs demolishing.
  • Properties of non-standard construction. Standard construction has brick or stone walls with a roof made of slate or tile, so anything that differs from this will be classed as Non-Standard.
  • Some properties with sitting tenants or regulated tenancies.
  • All properties with a value below a threshold, sometimes stated as £40,000.

Any property falling within this category will be clearly marked as ‘Cash Buy Only’

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