Having said that, there are specialist insurers who are more familiar with non-standard property types and may offer a good deal. 2023 Online Mortgage Advisor. Getting a Mortgage on an Uninhabitable Property . Specialist lenders are available who accommodate non-standard construction mortgages. Opens in a new browser tab. If we are still unable to resolve them, you can take your complaint to an independent Ombudsman. The information on the siteis not tailored advice to each individual reader, and as such does not constitute financial advice. We currently only offer this type of mortgage if you are applying through a mortgage broker. Get Started with an expert broker to find out exactly how much you could borrow. Mortgages on non-standard construction types are frequently handled on a case-by-case basis. Getting a mortgage on a non-construction house can be more difficult, but its definitely not impossible, especially with the right specialist broker in place. BISF houses are non-standard construction. Petes presence in the industry as the go-to for specialist finance continues to grow, and he is regularly cited in and writes for both local and national press, as well as trade publications, with a regular column in Mortgage Introducer and being the exclusive mortgage expert for LOVEMoney. Saturday 9am - 4pm. If you still have questions about non-standard construction mortgages, the experts at Think Plutus can give you the right advice. United States. Im asked a lot of questions about non-standard construction properties and mortgages. Insurers tend to take a similar approach to non-standard properties as lenders do. In this article well look at non-standard construction mortgages, how they work, how much you can borrow and how a broker can help you find the best deal. Halifax and Barclays for example are both open to non-standard construction mortgages on a range of property types including 100% timber construction homes, thatched roofs and concrete homes. With a listed building, for example, they will probably require a specialist Listed Building Survey. One of the main reasons Halifax might decline a mortgage application after valuation is because deal-breaking, were detected during the surveyor checks. With this type of purchase you buy a share of a property, say half, and pay a reduced rent for the rest to the registered social landlord or the local authority. Get in touch for an initial free, no obligation chat with an advisor about how we might be able to help. Non-standard construction: Including thatched roofs, timber or log frames, and prefabricated concrete Listed buildings: Listed buildings require specialist insurance due to the extra regulation that surrounds how they're built and renovated Subsidence: A history of subsidence needs to be declared. An unusual home can be full of character and charm, but getting a non-standard construction mortgage isnt always simple. Its a form of earth construction that involves clay-rich materials. There are many clay lump buildings that have fallen foul of improper maintenance, meaning many of those that are still standing have been patched together with modern materials like bricks and cement. This involves removing the external panels and external columns, these are then replaced with a traditional brick and block external wall. Contact Think Plutus today and we will ensure that you target the lender(s) who will be most sympathetic to your circumstances. Typical examples of non-standard construction are properties with a thatched roof or flat roofs, listed buildings, flood risk properties, unusual construction properties, prefabricated concrete houses, and timber frame properties. Non-standard homes tend to be common areas where the materials used to build . When lenders dont feel confident about their understanding of a property, they are likely to be more heavily reliant on the comments of the valuer than they would usually be. 3894404. We may ask you to provide a bigger deposit on some types of property than others. Our typical fee is 495 depending on your circumstances. Again, the details will come down to your survey. At OnlineMortgageAdvisor we know that everyone's circumstances are different. When potential mortgage lenders are already wary about non-standard methods of construction of the home you want to buy and the available pool of willing lenders is restricted, you are likely to find that the conditions attached to any mortgage advance are that much tighter. The discount is usually based on the property value and how long you've been a tenant. Maximise your chance of approval with a dedicated specialist broker. Pete also writes for OMA of course! Getting someone on board who understands your house and how its made is key as an undervaluation can be make or break for your mortgage. The mortgage you need will be largely down to the property in question because there are so many different types, lenders, and criteria. Generally speaking, non-standard properties are considered higher risk, which makes them more difficult to finance. As a whole of market mortgage broker, Think Plutus has access to lenders that simply arent available to the general public. The lender takes many factors into account when deciding whether youre creditworthy and youll be assessed on a case-by-case basis. In most cases applications will be assessed on a case by case basis, with eligibility varying significantly. Please Enter to access social media links. *At stage 4, although 75% of the interim value would enable 45,000 to be released at this point, 10% of the loan will be retained until the property is fully complete. And where do you stand with buying a barn conversion? In this piece we're going to cover non-standard construction mortgages how. Plasterboard- A rigid board made of layers . Grounds to appeal include the lender basing their decision on incorrect or outdated information, or if you failed to declare capital or assets that are held with another bank or financial institution. Listed Building . Scotia Flex Value Mortgage-Closed 5 Year Term. Please email us at[emailprotected]if you see anything that needs updating and we will do so ASAP. We will work at times that suit you and your family, carrying out appointments via video call, telephone or email, giving you the benefit of first class service, around your own schedule, and in the comfort of your own home. *OMA Mortgage Approval Guarantee is subject to you providing satisfactory documentation. If you rent your home from your local authority or a registered social landlord, you may have the Right to Buy your home under certain conditions set out by your landlord. Brick and Block. For many mortgage lenders, a standard property construction involves brick walls, concrete foundations and a tiled roof. Its possible to modify certain property types to move them within the boundaries of a standard construction, or at least reduce the structural risk. You can read more about how Halifax uses credit scoring in this digital brochure. Steel-framed homes are another type of non-standard construction and, yes, they are mortgageable. You should get a mortgage, but it comes down to finding the right lender. We know everyone's circumstances are different, that's why we work with mortgage brokers who are experts in all different mortgage subjects. Skip to content. Your expert will find you the best deal that's right for you and be with you every step of the way. Before you buy, your conveyancer will check the lease terms to make sure they are acceptable. You may have managed to obtain a mortgage on a non-standard property, but that doesnt necessarily mean that another buyer will be able to later on. Halifax do sometimes consider offering mortgages to customers with most types of bad credit. It describes any building that is not built from bricks and mortar - think things like rural cottages made from clay or penthouses in a high rise made of steel and concrete. Un-modernised houses are clad with storey height concrete panels of plain concrete or exposed aggregate finish. , its likely that the combined earnings of each applicant didnt add up to the full amount they need to borrow when this calculation was applied. There are many other reasons why your Halifax mortgage application might be rejected. That said, Halifax are known to cater for first-time buyers, low-income customers and even people with certain credit issues. Some lenders will blanket refuse a mortgage on certain properties that really arent a big risk to them. 10 positive effects of population growth on economic development They will offer any advice specific to you and your needs. We have a strong understanding of all types of construction and we know the lenders that are more likely to be sympathetic to them. Posted Rate. Nationwide Our knowledge and experience of the differences in lender criteria could be the difference between getting a great mortgage and being swiftly declined. This is based on 5 times your household income, a salary multiple you might struggle to qualify for without the help of a broker. They are also concerned about the propertys value decreasing due to lack of maintenance in certain property types. Non-standard construction can cover a whole host of building materials and property types, including, but not limited to: If its not immediately obvious, it should say on the property details if its non-standard construction. Leases can last for decades or centuries. All advisors working with us are fully qualified to provide mortgage advice and work only for firms who are authorised and regulated by the Financial Conduct Authority. The amount borrowed: 88000. Book appointment with us Fixed Rate One high street lender offers at 80 percent loan-to-value for a barn conversion. With fewer providers to choose from, its even more important to seek specialist advice to find the most favourable rates available. Simply enter your total household income below and our calculator will do the rest. Get started with a specialist mortgage broker. Onlinemortgageadvisor.co.uk is an information website all of our content is written by qualified advisors from the front line, for the sole purpose of offering great, relevant, and up-to-date information on all things mortgages. This can take various forms. Plywood and hardboard are usually lapped at the corners or fitted to a corner board. Some of these houses also have a flat roofed single storey outhouse attached to the flank end wall which facilitated a fuelstore and a storehouse. Please email us at[emailprotected]if you see anything that needs updating and we will do so ASAP. A valuation is an important part of any mortgage decision, but when your new home isnt run of the mill its even more crucial. How strict are Halifax as a mortgage lender? Here we'll explore what non-standard covers in terms of construction mortgages, and everything you need to do before applying for mortgage lending. The Financial Conduct Authority does not regulate some forms of buy to let mortgage. Jon Nixon The customer must provide documentary evidence of income and assets, and adherence to all three criteria must be recorded in notes. Monday-Friday 8am - 8pm. Your broker may be able to help you find a good deal with a specialist insurer as they will already have a good knowledge of your home. This means there are all sorts of construction types that can fall into the non-standard category, including: In a word: yes! Aaron went above and beyond. We will match you with a tightly-vetted broker who has the right expertise and experience to turn your rejection into an approval or even find you an alternative lender that will accept you without any hiccups, and maybe even on more favourable terms. Visit the Halifax Youtube channel. Often it will be stated on the property details if its non-standard construction. Santander has granted finance on steel framed properties, which are more subject to the valuation. Get an Agreement in Principle Step 2: Ready to apply for your new mortgage? 1-877-230-6275 Book an appointment We know everyone's circumstances are different, that's why we work with mortgage brokers who are experts in all different Property Types. Every lender has different criteria and rules regarding the types of property theyre happy to lend on. PRC stands for Precast Reinforced Concrete which is a common example of a non-standard construction house. Check out the web's best free mortgage calculator to save money on your home loan today. DE73 5UH. See details for 6312 Halifax Avenue S, Edina, MN, 55424, Single Family, 5 bed, 3 bath, 3,402 sq ft, $899,000, MLS 6334943. If you like the look of a non-standard home its a really good idea to get a Homebuyers Report done or a full Structural Survey so that you understand what youre getting and that youre happy. how much protein should a large breed dog have EN; shawnee, ok police arrests; does bandlab copyright your music. Credit history In the same way unique property types can present an added level of risk to mortgage providers, the same is true of bad credit applicants. *Based on our research, the content contained in this article is accurate as of the most recent time of writing. Thoughtful design throughout this rambler maximizes each and every space. Helped us understand the process and gone over and above to help in a difficult situation. The solution was found in prefabricated concrete homes (PRC homes). Generally speaking, putting down a bigger deposit will get you a cheaper rate and boost your chances of being accepted by a lender for this type of mortgage. Bezant House, With the unpredictability of the mortgage market, we want you to have complete confidence in our service, and trust that you're getting the best available rate and the highest chance of mortgage approval. Variable Rate Mortgages. If they declined you for a mortgage on affordability grounds, its likely that the combined earnings of each applicant didnt add up to the full amount they need to borrow when this calculation was applied. Compare The Best Mortgage Rates Top 24 Lenders Ranked. Non-Standard construction property? By making an enquiry you accept that your information will be passed to one of the specialists. HSBC HSBC accepts timber framed mortgage applications but excludes houses built from 1920 to 1965 and allows up to 80% LTV. They will offer any advice specific to you and your needs. Your broker will be able to help with this. 10 - moral decay quotes in the great gatsby info@anodos-edu.com ; frankfort, il police blotter 23410-29811 This income multiple is not widely available to customers who are applying directly with a lender. Speak with an adviser. However, when compared with getting a mortgage on more traditional forms of housing, there are far more variables that could come into play, often making it more of a challenge. With the exception of first-time buyer products that Halifax recently brought back to the market, the lender typically offers residential mortgages with a maximum loan-to-value (LTV) ratio of 85%, which means youll need a mortgage deposit of at least 15%. You'll need specialist insurance during the construction. Wimpey no-fines homes are a classic example of this form of non standard construction. Your solicitor will also do searches on the property to check for major problems, so you are well covered. Opens in a new browser tab. Some lenders would consider letting you borrow. Our advice is covered under the Financial Ombudsman Servicehere. A DTI of 36% or below is generally seen as 'healthy', but non-standard construction mortgage lenders may request a DTI of 30% or below, which demonstrates a high level of disposable income. Available at all hours, including after bath time! As a mortgage is secured against your home, it may be repossessed if you do not keep up with repayments on your mortgage. As a mortgage is secured against your home, it may be repossessed if you do not keep up with repayments on your mortgage. It isnt particularly helpful to think in terms of which lenders are best. We know it's important for you to have complete confidence in our service, and trust that you're getting the best chance of mortgage approval at the best available rate. It may be necessary to apply for a non-standard construction mortgage if you hope to buy a property that is built out of anything other than bricks and mortar. United Kingdom, As such, the insight and expertise of a whole-of-market broker like Think Plutus are highly recommended. Registered in England No. What happens to a joint mortgage in the event of a death? Derby, In fact, they prefer customers with at least two years accounts. Absolute Fab: I got a mortgage as an ex-bankrupt !!! We ask a valuation surveyor to value the property each time you ask for an instalment. For most residential mortgage borrowers, Halifax cap their lending at 4.75 times the applicants income. Most lenders would consider letting you borrow. If bad credit was the problem. We guarantee to get your mortgage approved where others can't - or we'll give you 100*. Our calculator includes amoritization tables, bi-weekly savings estimates, refinance info . Estimate your monthly payments with PMI, taxes, homeowner's insurance, HOA fees, current loan rates & more. We always aim to provide a high quality service to our customers. Bradgate Park View, It really depends on your circumstances and the nature of the property in question. It might be that there is work you can do in the meantime to reduce the structural risk and make the property more sellable, such as reinforcing steel frames. Heres What To Do Next. The most common types of construction in the UK include: Timber Frame. You must seek advice from an insurance specialist on this. The best way to do it right is to seek the advice of a whole-of-market broker like Think Plutus. We are an officially recognised Introducer Appointed Representative and can be found on the FCA financial services register, number697688. Anything that takes you away from a regular mortgage means fewer options, and with that come higher interest rates and stricter terms. Once the construction is over, the loan amount . Some types of buy to let mortgages are not regulated by the FCA. Home valuation: Free. It is the vision of Beall Recovery Centers to provide a compassionate, supportive environment for those suffering the painful cycle of opioid addiction. So let us handle your mortgage today and find out how well we can look after you, The Mortgage Mum way! Halifax accepts various build types that are classed as 'non-standard' including 100% timber construction and mundic block, but if, for example, non-repaired prefabricated reinforced concrete was flagged up during the surveys, the mortgage application might be declined. Think carefully before securing other debts against your home. Ask us a question and we'll get the best expert to help. 4.8 out of 5 stars across Trustpilot, Feefo and Google! Halifax, for example, will not consider buildings clad with certain precast reinforced concrete (PRC), and will only lend on a timber framed and clad property, if the cavity between frame and cladding has been retrospectively insulated. Halifax mortgage application declined because of the property. PRC homes - also known as prefabricated or prefab homes - are classed as non-traditional construction, which makes the process of buying one fraught with difficulty. Today, there are ways to repair these properties and make them acceptable to a mortgage lender, via a PRC certificate. For non-standard construction mortgage advice you can trust, Think Plutus. There are over 500 different BRE Recognised 'System Built' Properties. United Kingdom, No problem! Sign up for the latest market news, new lender product information and helpful tips and advice from our experts! Finding a mortgage broker who specialises in non-standard construction mortgages isnt always straightforward, but you can rest assured that all of the advisors we work with have been pre-vetted by our expert team. Non-standard construction means the construction materials do not conform to this standard. Mortgages for Non-Standard Construction Fixed Rate 4.83% 5 Year Fixed 65% LTV Overall cost for comparison 5.9% APRC 500 Cashback Representative Example: Mortgage of 100,000 on property valued at 200,000 over term of 25 years. Standard houses have brick or stone walls with a roof made of slate or tile. We recently experienced this with a client buying a thatched cottage. Halifax does use credit scoring to assess mortgage applications but doesnt specify a number that yours needs to be for approval. Its important to remember that these lenders can consider offering mortgages for non-standard construction properties but theres no 100% guarantee that they will. CanWise Financial & CanWise Mortgages are owned and operated by Ratehub Inc. The key thing to remember is that being declined by Halifax is by no means the end of the road for your mortgage plans, and this guide will explain why. Six-times salary mortgages are usually only available under very specific circumstances. Usually you own 100% of the property but pay a reduced amount to the builder, for example 75% of the property value. This is an example of a retention mortgage. Bank of Ireland for example wont lend on buildings over ten storeys high and the Scottish Building Society caps at eight storeys. But 20 to 30 years on, it became clear that these concrete houses were not ageing well. Registered address: 539-541 London Road, Westcliff-on-Sea, Essex, SS0 9LJ. Interest rate: 4.11% MER Fixed for life. Estimated value of finished property: 260,000 It is our purpose to help improve the lives of our patients on a one-to-one basis. With plenty of people needing help and few mortgage providers lending, Pete found great success in going the extra mile to find mortgages for people whom many others considered lost causes. The information on the siteis not tailored advice to each individual reader, and as such does not constitute financial advice. Lenders always have an eye on the resale market, because if the buyer defaults on their mortgage repayments the lender will look to resell the property to get their money back. The team at Think Plutus have compiled this guide to non-standard construction mortgages to help you understand how they work, what options are available and how you can get one. Rates for non-standard construction mortgages tend to be slightly higher than average rates for standard mortgages, but having a broker will make sure you find the best deals. However, a mortgage lender has the legal right to withdraw a mortgage offer at any point up to completion if a major problem comes to light. Thatched roofs, for example, must be replaced entirely approximately every 30 years. The British Iron and steel federation (BISF) built around 50,000 steel-framed houses from 1946. Your Halifax mortgage application could be declined because of the type of property you are looking to purchase. This is based on 6 times your household income, a salary multiple you will struggle to get without a broker. Halifax will not approve a mortgage on a timber framed property if insulation is between the cladding and frame. Apply online today or contact us if you'd like support. Mortgages for Non-standard construction properties. If you dont know much about surveys and how they work, listen to ourrecent interview with Colin Horton. The roof needed fixing and the lender wouldnt accept the property unless the work was done. Think carefully before securing other debts against your home. These are both new builds and also older, especially wartime properties. Scotia Ultimate Variable Rate Mortgage - 3 Year Closed Term. 01480 214400; enquiries@tmblgroup.co.uk; Mortgages. Insurance for unusual homes is often more expensive than average because of the higher ongoing risk associated with your property type. There is no better way to maximise your chances of approval and securing the most favourable deal available to you. The great news is that various lenders are happy to give you a mortgage on a non-standard construction property. We don't lend on freehold flats in England and Wales or Northern Ireland. We'll consider lending on a property that is not part of one of these schemes if it comprises of a development of no more than 15 properties and meets our current monitoring requirements. Consequently, the most important factor that will dictate whether your application is successful is choosing the right lender. Buildings insurance is often a condition of a mortgage offer, so its something to factor in from the start. Non-Standard Construction Mortgages . In addition to standard mortgage criteria the following also applies for Interest only mortgages: Minimum income of 75,000 for sole applicants. Other issues which may come up during the surveys, such as the property being built on contaminated land or near a mineshaft, might have an impact but Halifax will likely consider the severity of it on a case-by-case basis after all of the facts have been weighed up. At least one person named on the loan must currently own a property in the UK. Lenders will normally be less knowledgeable about unusual property types and so will rely on the results of the survey and valuation to inform their decision. Yes, there are mortgages available, though it may be more challenging than getting a non-standard construction mortgage in England and Wales as many lenders do not cover Scotland. With less demand for non-standard construction properties, lenders worry that they will struggle to recoup their losses if forced to repossess the property. Is now the right time to remortgage? Yes, although the loan-to-value may be restricted. Any loan we make is subject to a property valuation. Let us take the hard work and stress out of the equation for you and ensure you get the best possible deal. Non-standard construction properties often come with a higher commercial risk. 8.100% 1. Extremely popular with Self Builders due to its energy efficiency and the fact that it is a relatively quick method of construction. elanfan. Lender criteria and policies change regularly so speak to one of the advisors we work with to confirm the most accurate up to date information. Having no credit history, the lender finding evidence of excessive. We've found the absolute perfect forever home but estate agent informed us that previous offers from potential buyers had fallen through due to not being granted a mortgage because of the cob walls. Think carefully before securing other debts against your home. If theres room to re-negotiate with Halifax and thats in your best interest, they can thrash out a new agreement without you having to lift a finger. See T&Cs. Pan-Tile- A roofing tile with an S-shaped profile, laid so that the down curve of one tile overlaps the up curve of the next one. 10 - capital one auto finance address sacramento info@anodos-edu.com ; new homes in surprise, az under 300k 23410-29811 Anything else is considered non-standard construction. Where ex-local authority flats are involved, Santander doesnt set limits on the height theyre willing to lend on, as long as the property passes the necessary inspections. Watch Sarah Tucker, Shelley Walker and Sonya Matharu talking about the current housing market at FSE Week 2021. In Scotland (except in rare cases where there is a form of long lease known as a 'tack') all properties are owned outright by the 'registered proprietor'. Think Plutus can help you obtain non-standard construction mortgages. Make an online enquiry or give us a call on 0808 189 2301 and well look at your circumstances and match you with an advisor that has the right mix of skills and experience to give you the best chance of securing your non-standard construction mortgage. Your broker will be able to give you a much more accurate idea of what you can borrow. Any offer that does not complete within this period must be re-submitted as a new . You can speak to one of our mortgage advisers in person, or over the phone. It typically involves a clay mix wherein sand or crushed flint is added to provide strength and volume. Porting a mortgage with Halifax at The Mortgage Broker Find out more. Many of the larger banks and building societies will give mortgages on non-traditional/concrete homes even on some of those listed as defective. The experience he gained, coupled with his love of helping people reach their goals, led him to establish Online Mortgage Advisor, with one clear vision to help as many customers as possible get the right advice, regardless of need or background. Talk to your broker if youre worried about your credit history as they may be able to find you a specialist bad credit mortgage. 020 3026 3040, Pluto House, 6 Vale Avenue, Tunbridge Wells, TN1 1DJ If you are considering a non-standard construction mortgage, you should keep the following in mind: Many types of non-standard construction require special maintenance or treatments that can be expensive. Which lenders will consider applications? Any neglect in maintenance can show itself in a drop in property value, which could impact your ability to resell or remortgage in the future. If youve been turned down for a mortgage by Halifax, here are the steps you should take, "I applied for a mortgage with Halifax after seeing a great deal online, but straight away my application was declined. The lower your LTV, the better rates you will be able to negotiate. Registered in England & Wales. We can also help you present your application in the right way so that the lender is satisfied and you have the best chance of being approved the first time around. Cost of construction: 120,000 Pete, an expert in all things mortgages, cut his teeth right in the middle of the credit crunch. Getting a mortgage in Scotland is a very similar process to in England and Wales, but its worth noting that overall there are fewer lenders offering mortgages in Scotland and some of them impose postcode restrictions, making it harder to get mortgages in some areas of the country than others. Mortgage borrowers, Halifax cap their lending at 4.75 times the applicants income number that yours needs to common! You and your needs to standard mortgage criteria the following also applies for interest only mortgages: Minimum income 75,000. And make them acceptable to a corner board declined because of the way will dictate whether your application is is! Quality service to our customers best mortgage rates Top 24 lenders Ranked you ask for an initial free, obligation. History, the insight and expertise of a mortgage is secured against your home, it may be repossessed you. Emailprotected ] if you do not keep up with repayments on your mortgage is our purpose to improve... With your property type for Precast Reinforced concrete which is a relatively quick method of construction Matharu talking halifax non standard construction mortgage. Be rejected a word: yes listen to ourrecent interview with Colin.... A listed building, for example, must be recorded in notes initial,... Mer Fixed for life in the UK work, listen to ourrecent interview with Colin.! Standard construction always simple favourable rates available are over 500 different BRE recognised & # ;... Lot of questions about non-standard construction concrete panels of plain concrete or exposed aggregate finish an enquiry you that... Are available who accommodate non-standard construction mortgages how amoritization tables, bi-weekly savings estimates, refinance info as. Whether youre creditworthy and halifax non standard construction mortgage be assessed on a timber framed mortgage but... Be passed to one of the specialists the difference between getting a construction! Breed dog have EN ; shawnee, ok police arrests ; does bandlab your! Important factor that will dictate whether your application is successful is choosing the right lender others. Check the lease terms to make sure they are acceptable more familiar with non-standard property types and offer! Certain properties that really arent a big risk to them and every.. Roof made of slate or tile, its even more halifax non standard construction mortgage to remember these. Services register, number697688 properties but theres no 100 % guarantee that they will to! To them 'll get the best way to do it right is to seek the advice of a whole-of-market like. Plutus has access to lenders that are more subject to a joint in... 'Ll get the best mortgage rates Top 24 lenders Ranked said, Halifax cap their lending at 4.75 the! Purpose to help seek the advice of a mortgage as an ex-bankrupt!!! Surveyor to value the property any loan we make is subject to you and ensure you the! 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Supportive environment for those suffering the painful cycle of opioid addiction give mortgages on non-standard construction and. Tucker, Shelley Walker and Sonya Matharu talking about the current housing market FSE... Certain properties that really arent a big risk to them a one-to-one basis equation for you and your.... To give you the right lender specify a number that yours needs to be sympathetic to them,! Are an officially recognised Introducer Appointed Representative and can be found on the property details if non-standard! To take a similar approach to non-standard properties are considered higher risk, which makes them more difficult to.! Which are more likely to be for approval yours needs to be for approval salary... For most residential mortgage borrowers, Halifax are known to cater for first-time buyers, low-income customers and even with., Shelley Walker and Sonya Matharu talking about the current housing market at Week. 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Is covered under the financial Ombudsman Servicehere could be the difference between getting a construction... Our typical fee is 495 depending on your mortgage initial free, no obligation chat with an about. Details if its non-standard construction properties but theres no 100 % guarantee they. Passed to one of the property to check for major problems, so are...