We r 1st time buyers, found a house in our price range but cant find lender willing to mortgage on a `prefab` built house. Had structural survey done- all fine but no lender! Any finance advice ? Cheers!
2006-07-30 22:46:41 · 5 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
some lenders will accept a prefab build - woolwich and barclays do on some cases ie will not take any but Wimpey no fines and Laing easi form.
As others said a mortgage advisor should be able to send you in the right direction.
2006-07-31 00:03:46 · answer #1 · answered by Anonymous · 0⤊ 0⤋
A number of prefab constructions have passed their "sell-by" date: the design was intended to last (say) twenty years, and since some of them were now built 50 or 60 years ago, lenders are reluctant to lend on them. All I can suggest is using a mortgage broker to search for one for you. However I saw a TV program a couple of years ago highlighting the issue of people being "stuck" with prefabs which are basically unsellable for this reason.
2006-07-30 22:54:05 · answer #2 · answered by Graham I 6 · 0⤊ 0⤋
Go to your nearest Independent Mortgage Advice Bureau - they should be able to find you a lender.
2006-07-30 22:50:01 · answer #3 · answered by Wafflebox 5 · 0⤊ 0⤋
when you have a problem with a mortgage you should try to consolidate that loan, this is called debt consolidation.
this is rather easy with a debt consolidation plan
however it may get a bit tricky at times, I suggest you get as much information as possible online on this first,
a good place to start in my humble opinion is:
http://umgarticles.atspace.com/debt-consolidation.htm
2006-07-31 20:42:51 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Take out a lone and buy house outright!! Then pay back lone monthly instead of mortgage!!!
2006-07-30 22:54:16 · answer #5 · answered by LOL0605 2 · 0⤊ 0⤋