Can you get a non standard property mortgage?

A non-standard home is a type of property that differs from a traditionally built residential home, such as one built from brick with a tile roof. These homes may have unusual or unique features that make them distinct from standard homes, and as a result, they may present additional challenges when it comes to securing financing or insurance.

Some examples of non-standard homes include:

1. Converted properties: This includes homes that have been converted from their original use, such as warehouses, barns, or churches that have been turned into homes.
2. Timber-framed properties: These homes are typically constructed using timber frames rather than traditional brick or block construction.
3. Concrete properties: Could be with a steel frame or cast on site.
4. Prefabricated or modular homes: These homes are built offsite and then transported to their final location.
5. Homes with thatched roofs: Thatched roofs are less common in some areas and may be seen as a non-standard feature.
6. Unusual construction materials: Homes constructed using non-traditional materials, such as straw bales or earth, may be considered non-standard.
7. Homes in unusual locations: Homes located in remote or hard-to-reach areas, such as on an island or in a forest, may be considered non-standard.
8. Cob houses: These are homes made from a mixture of clay, sand, and straw, which are then shaped into walls and allowed to dry.

It’s important to note that the definition of a non-standard home may vary depending on the lender or insurer, and that some non-standard features may not necessarily pose additional risks or challenges. It’s always a good idea to consult with a mortgage broker who specialises in non-standard homes to understand your options and any potential challenges you may face.

A property of unusual construction typically refers to a building or structure that is unique or unconventional in its design, materials, or construction methods. Some examples of properties of unusual construction include:

1. Converted properties: This includes homes that have been converted from their original use, such as warehouses, barns, or churches that have been turned into homes.
2. Timber-framed properties: These homes are typically constructed using timber frames rather than traditional brick or block construction.
3. Concrete properties: Could be with a steel frame or cast on site.
4. Prefabricated or modular homes: These homes are built offsite and then transported to their final location.
5. Homes with thatched roofs: Thatched roofs are less common in some areas and may be seen as a non-standard feature.
6. Unusual construction materials: Homes constructed using non-traditional materials, such as straw bales or earth, may be considered non-standard.
7. Homes in unusual locations: Homes located in remote or hard-to-reach areas, such as on an island or in a forest, may be considered non-standard.
8. Cob houses: These are homes made from a mixture of clay, sand, and straw, which are then shaped into walls and allowed to dry.

Properties of unusual construction can be visually striking and may incorporate innovative design features or environmentally-friendly materials. However, they may also present unique challenges in terms of maintenance, building codes, and insurance coverage.

Getting a mortgage for a non-standard home can be challenging because lenders typically prefer properties that are traditionally constructed of brick, which makes them easier to value and sell if they have to repossess the property. Here are some difficulties that borrowers may face when trying to secure a mortgage for a non-standard home:

1. Limited availability of mortgage products: Lenders may not offer specialises mortgage products for non-standard homes, which can make it difficult for borrowers to find financing options.
2. Higher interest rates: Lenders may charge higher interest rates for non-standard homes because they are considered riskier investments.
3. Limited resale value: Non-standard homes may have limited resale value, which makes them less attractive to lenders because they may have difficulty selling the property.
4. Difficulty in valuing the property: Non-standard homes may be difficult to provide a value because they lack comparable properties in the area, which can make it challenging to determine the property’s value.
5. Stringent building codes: Non-standard homes may not comply with standard building codes, which can make it challenging for the borrower to obtain a mortgage.

To overcome these difficulties, borrowers may need to work with lenders who specialise in non-standard properties, demonstrate strong creditworthiness, and be prepared to provide extensive documentation to support their mortgage application.

It’s possible that your mortgage may cost more for a non-standard property, but it depends on several factors.

Non-standard properties are those that are considered to be outside the norm, such as properties with thatched roofs, timber frames, or unusual construction materials. These types of properties may be more difficult to value and insure, and may also require specialises repairs or maintenance, which can make them riskier for lenders.

As a result, some lenders may charge higher interest rates or require larger deposits for non-standard properties. However, other lenders may specialise in non-standard properties and may be more willing to offer competitive rates.

In addition, if you’re buying a non-standard property, it’s important to ensure that you have appropriate buildings insurance in place, as this will help protect both you and your lender in the event of any damage or loss.

Ultimately, the cost of your mortgage for a non-standard property will depend on a variety of factors, including the type of property, its value, the lender you choose, and your individual financial circumstances, including your credit score. It’s a good idea to speak to a mortgage advisor, such as Clever Mortgages, who can help you navigate the market and find the best deal for you.

The eligibility criteria for non-standard build mortgages may vary between lenders, but generally speaking, there are certain types of properties that may not be eligible for this type of mortgage. Some examples may include:

1. Properties that are not habitable: If the property is not habitable or is in a state of disrepair, some lenders may not be willing to offer a non-standard build mortgage until the property has been repaired and made habitable. A bridging loan can be useful here.
2. Properties with structural defects: If the property has significant structural defects, such as subsidence or foundation issues, some lenders may not be willing to offer a mortgage until the defects have been addressed.
3. Properties with a short lease: Some lenders may not be willing to offer a mortgage on properties with a short lease, as this can create uncertainty around the long-term value of the property.
4. Properties with unusual construction methods: While non-standard build mortgages are designed for properties with unusual construction methods, there may be some types of construction that are considered too risky or unusual for lenders to finance.
5. Properties in certain locations: Some lenders may have restrictions on lending for properties in certain locations, such as flood-prone areas or areas with high crime rates.

It’s important to note that eligibility criteria for non-standard build mortgages can vary widely between lenders, so it’s always a good idea to speak to a broker, such as Clever Mortgages, to find the best option for your specific circumstances.

Yes, it is possible to get a mortgage for unique conversions such as a church, chapel, or barn, but the process may be more complicated than obtaining a mortgage for a traditional house or flat.

When considering a mortgage application for a unique conversion property, lenders will typically assess the property’s value, condition, and potential resale value, as well as the borrower’s creditworthiness and ability to repay the loan. The lender may also consider any unique maintenance and repair issues associated with the property’s conversion.

It’s worth noting that some lenders may have specific criteria or requirements for lending on unique conversion properties. For example, they may require a certain percentage of the property to have been converted into a residential living space, or they may require that any structural changes made during the conversion process comply with building regulations.

In addition, unique conversion properties may be viewed as higher risk by some lenders due to factors such as the potential for unusual or unexpected maintenance issues, or the difficulty of selling the property in the future. This may mean that the lender may require a higher deposit or offer a higher interest rate.

As with any mortgage application, it’s essential to shop around and compare lenders to find one that is willing to lend on a unique conversion property. It may also be helpful to work with a mortgage broker who can help you find the right lender and navigate the process.

Overall, while getting a mortgage for a unique conversion property may require more effort and research than a traditional property, it is still possible with the right approach and preparation.

Yes, it is possible to get a mortgage for a plot of land, although the process and requirements will differ from those for a traditional home mortgage.

Buying a plot of land, the terms and requirements can vary depending on the lender, the size and location of the land, and the borrower’s creditworthiness.  Land purchases are often arranging through self-build or bridging finance.

One factor to keep in mind is that lenders may view land as a riskier investment than a home because it does not generate rental income, may not have planning permission and is not as easily marketable. Therefore, interest rates on land loans may be higher than those for traditional home mortgages.

Another consideration is that lenders may require a larger down payment for land loans than for home mortgages. This is because land is generally considered a speculative investment and the value can fluctuate more than a home.

Finally, lenders may have certain requirements regarding the ‘allowances’ of the land, such as whether it can be used for residential or commercial purposes. They may also require an appraisal of the land and a survey to determine its boundaries.

It’s a good idea to speak with a lender or mortgage broker who specialises in land loans to discuss your options and the requirements for obtaining a land mortgage.

Yes, it is possible to get a mortgage for homes with thatched roofs. However, because thatched roofs are considered non-standard, some lenders may be more cautious in their lending criteria or have specific requirements that need to be met.

For example, some lenders may require that the thatched roof has been recently inspected by a specialist and has a minimum amount of life remaining before they will consider lending on the property. They may also require that the property has appropriate insurance in place, as thatched roofs can be more susceptible to fire.

In general, the eligibility for a mortgage on a home with a thatched roof will depend on a variety of factors, including the lender’s lending criteria, the condition of the roof, the value of the property, and your personal financial circumstances.

It’s always a good idea to speak to a mortgage advisor who can help you navigate the market and find the best deal for you. They may also be able to provide guidance on any additional steps you need to take, such as getting a specialist survey or inspection, in order to secure a mortgage for a home with a thatched roof.

Yes, it is possible to get a mortgage for concrete homes. Concrete homes are considered non-standard construction, but there are lenders that will still offer mortgages for them, provided they meet certain criteria.

When applying for a mortgage on a concrete home, lenders will typically look at the age and condition of the property, as well as the type of construction and any relevant certificates or warranties. Some lenders may require a more detailed survey or inspection of the property to assess its suitability for a mortgage.

It’s worth noting that some types of concrete construction may be considered higher risk than others. For example, properties built using prefabricated concrete panels may be subject to higher interest rates or stricter lending criteria, as these types of properties have a higher risk of structural issues.

In general, the eligibility for a mortgage on a concrete home will depend on a variety of factors, including the lender’s lending criteria, the condition of the property, the type of construction, and your personal financial circumstances.

If you’re considering buying a concrete home and need a mortgage, it’s always a good idea to speak to a mortgage advisor who can help you navigate the market and find the best deal for you. They may also be able to provide guidance on any additional steps you need to take, such as getting a specialist survey or inspection, in order to secure a mortgage for a concrete home.

Yes, it is possible to get a mortgage for prefabricated buildings, also known as prefabs. However, because prefabs are considered non-standard construction, some lenders may be more cautious in their lending criteria or have specific requirements that need to be met.

When applying for a mortgage on a prefab, lenders will typically look at the age and condition of the property, as well as the type of construction and any relevant certificates or warranties. Some lenders may require a more detailed survey or inspection of the property to assess its suitability for a mortgage.

It’s worth noting that some types of prefabricated buildings may be considered higher risk than others. For example, properties built using older or less durable materials may be subject to higher interest rates or stricter lending criteria, as these types of properties have a higher risk of structural issues or maintenance problems.

In general, the eligibility for a mortgage on a prefab will depend on a variety of factors, including the lender’s lending criteria, the condition of the property, the type of construction, and your personal financial circumstances.

If you’re considering buying a prefab and need a mortgage, it’s always a good idea to speak to a mortgage advisor or broker who can help you navigate the market and find the best deal for you. They may also be able to provide guidance on any additional steps you need to take, such as getting a specialist survey or inspection, in order to secure a mortgage for a prefab.

Yes, it is possible to get a mortgage for steel frame properties. However, because steel frame homes are considered non-standard construction, some lenders may be more cautious in their lending criteria or have specific requirements that need to be met.

When applying for a mortgage on a steel frame property, lenders will typically look at the age and condition of the property, as well as the type of construction and any relevant certificates or warranties. Some lenders may require a more detailed survey or inspection of the property to assess its suitability for a mortgage.

It’s worth noting that some types of steel frame construction may be considered higher risk than others. For example, properties built using older or less durable materials may be subject to higher interest rates or stricter lending criteria, as these types of properties have a higher risk of structural issues or maintenance problems.

In general, the eligibility for a mortgage on a steel frame property will depend on a variety of factors, including the lender’s lending criteria, the condition of the property, the type of construction, and your personal financial circumstances.

If you’re considering buying a steel frame property and need a mortgage, it’s always a good idea to speak to a mortgage advisor who can help you navigate the market and find the best deal for you. They may also be able to provide guidance on any additional steps you need to take, such as getting a specialist survey or inspection, in order to secure a mortgage for a steel frame property.

Yes, it is possible to get a mortgage for timber frame properties. However, because timber frame homes are considered non-standard construction, some lenders may be more cautious in their lending criteria or have specific requirements that need to be met.

When applying for a mortgage on a timber frame property, lenders will typically look at the age and condition of the property, as well as the type of construction and any relevant certificates or warranties. Some lenders may require a more detailed survey or inspection of the property to assess its suitability for a mortgage.

It’s worth noting that some types of timber frame construction may be considered higher risk than others. For example, properties built using older or less durable materials may be subject to higher interest rates or stricter lending criteria, as these types of properties have a higher risk of structural issues or maintenance problems.

In general, the eligibility for a mortgage on a timber frame property will depend on a variety of factors, including the lender’s lending criteria, the condition of the property, the type of construction, and your personal financial circumstances.

If you’re considering buying a timber frame property and need a mortgage, it’s always a good idea to speak to a mortgage advisor who can help you navigate the market and find the best deal for you. They may also be able to provide guidance on any additional steps you need to take, such as getting a specialist survey or inspection, in order to secure a mortgage for a timber frame property.

Yes, it is possible to get a mortgage for a listed building. However, it may be more challenging than obtaining a mortgage for a non-listed property due to the additional considerations and restrictions involved.

Listed buildings are structures that have been designated as having special architectural or historic significance by the relevant government authority. The listing status means that any alterations or changes to the property must be approved by the authority, which can make renovations more complex and potentially more expensive.

When it comes to obtaining a mortgage for a listed building, lenders will typically assess the property’s value, condition, and potential resale value, as well as the borrower’s creditworthiness and ability to repay the loan. The lender may also consider the property’s listed status and any restrictions or obligations associated with it.

It’s worth noting that some lenders may not offer mortgages for listed buildings, or they may have specific requirements or criteria that must be met. As such, it may be helpful to work with a mortgage broker who specialises in listed buildings to help you find the right lender and navigate the process.

Overall, while getting a mortgage for a listed building may be more challenging than obtaining a mortgage for a non-listed property, it is certainly possible with the right preparation and approach.

Yes, it is possible to get a mortgage for homes made with unusual materials like cob, wattle and daub, or straw bale, but it can be more difficult than obtaining a mortgage for a traditional brick or wood-framed house.

Homes made with alternative materials are often considered non-standard construction, and lenders may be hesitant to provide financing for them due to the potential for unique maintenance and repair issues. Some lenders may also be unfamiliar with these construction types, which can make it more challenging to find a lender willing to lend.

To increase your chances of obtaining a mortgage for a home made with alternative materials, it is essential to provide as much information as possible to the lender about the construction methods and materials used. This may include providing technical reports, surveys, and other documentation that demonstrate the durability and safety of the property.

It’s also worth noting that some lenders may have specific criteria that must be met for them to consider lending on homes made with alternative materials. For example, they may require a professional architect or engineer to inspect the property and provide a structural report. Additionally, they may only consider lending on properties that have been built to specific standards, such as the Code for Sustainable Homes or the Passivhaus standard.

Overall, getting a mortgage for a home made with alternative materials may require more effort and research than a traditional property. However, with the right preparation and approach, it is certainly possible to obtain financing for a unique and sustainable home.

Yes, it could be possible to get a mortgage for a single brick building, it can depend on whether the whole property is single brick or just part of it is, say an outbuilding linked to the property is internally converted.

Single brick construction is not as common as traditional brick and block construction, and some lenders may consider it non-standard construction.

When considering a mortgage application for a single brick building, lenders will typically assess the property’s value, condition, and potential resale value, as well as the borrower’s creditworthiness and ability to repay the loan. The lender may also consider any unique maintenance and repair issues associated with single brick construction.

It’s worth noting that some lenders may have specific criteria or requirements for lending on single brick buildings. For example, they may require a professional survey or inspection of the property to assess its structural integrity and condition.

As with any mortgage application, it’s essential to shop around and compare lenders to find one that is willing to lend on a single brick building. It may also be helpful to work with a mortgage broker who can help you find the right lender and navigate the process.

Overall, while getting a mortgage for a single brick building may be more challenging than obtaining a mortgage for a traditional brick and block construction, it is still possible with the right approach and preparation.

Yes, it is possible to get a mortgage for an earth-sheltered home, but it may be more challenging than obtaining a mortgage for a traditional built property.

Lenders in the UK are looking for more ‘green’ mortgage solutions, often looking at the Energy Performance of a home, but as more innovations are developed, then lenders will be more accustom to different and more ecologically friendly ideas.

Earth-sheltered homes are built partially or entirely below ground level and covered with a layer of earth or vegetation. They are generally considered non-standard construction and may be viewed as higher risk by some lenders.

When considering a mortgage application for an earth-sheltered home, lenders will typically assess the property’s value, condition, and potential resale value, as well as the borrower’s creditworthiness and ability to repay the loan. The lender may also consider any unique maintenance and repair issues associated with earth-sheltered construction.

It’s worth noting that some lenders may have specific criteria or requirements for lending on earth-sheltered homes. For example, they may require a professional survey or inspection of the property to assess its structural integrity and condition.

As with any mortgage application, it’s essential to look around and compare lenders to find one that is willing to lend on an earth-sheltered home. It may also be easier and more helpful to work with a mortgage broker who can help you find the right lender and navigate the process.

Overall, getting a mortgage for an earth-sheltered home may require more effort and research than a traditional above-ground property. However, with the right preparation and approach, it is certainly possible to obtain financing for a unique and sustainable home.

Yes, it is generally possible to get a mortgage for flats in high rises and tower blocks, but the process may be more complicated than obtaining a mortgage for a traditional house or low-rise flat.

When considering a mortgage application for a flat in a high-rise or tower block, lenders will typically assess the property’s value, condition, and potential resale value, as well as the borrower’s creditworthiness and ability to repay the loan. The lender may also consider the building’s construction and maintenance, including factors such as the age of the building, the condition of the common areas, and any ongoing maintenance or repair issues.

Also, following the tragic Grenfell fire in 2017, mortgage lenders became reluctant to lend to buyers of flats in high-rise buildings, and sales dropped rapidly. To provide assurance a building industry group, led by the Royal Institution of Chartered Surveyors, introduced the External Wall System (EWS1) assessment process in December 2019.  Mortgage lenders require sight of the ESW1 form.

It’s worth noting that some lenders may have specific criteria or requirements for lending on flats in high-rise or tower block buildings. For example, they may require a minimum percentage of owner-occupiers in the building, or they may only lend on flats in buildings with a certain number of storeys.

In addition, some lenders may consider flats in high-rise or tower block buildings to be higher risk due to factors such as the potential for noise or security issues, or the difficulty of selling the property in the future. This may mean that the lender may require a higher deposit or offer a higher interest rate.

It may also be helpful to work with a mortgage broker who can help you find the right lender and navigate the process.

Overall, getting a mortgage for a flat in a high-rise or tower block building may require more effort and research than a traditional property, but it is still possible with the right approach and preparation.

Yes, it is possible to get a mortgage for a glass-walled home, some bespoke and modern built homes, renovations or conversion often use glass for large walls to give panoramic views, but it may depend on the lender’s policies and criteria. Glass-walled homes may be considered non-standard construction and may be viewed as higher risk by some lenders, depending on the type and percentage of glass used and what it is supported by.

When considering a mortgage application for a glass-walled home, lenders will typically assess the property’s value, condition, and potential resale value, as well as the borrower’s creditworthiness and ability to repay the loan. The lender may also consider any unique maintenance and repair issues associated with glass construction, such as the potential for heat loss and the need for specialises cleaning and maintenance.

It’s worth noting that some lenders may have specific criteria or requirements for lending on glass-walled homes. For example, they may require a minimum thickness or quality of glass, or they may require a professional survey or inspection of the property to assess its structural integrity and condition.

As with any mortgage application, it’s essential to shop around and compare lenders to find one that is willing to lend on a glass-walled home. It may also be helpful to work with a mortgage broker who can help you find the right lender and navigate the process.

Overall, while getting a mortgage for a glass-walled home may be more challenging than obtaining a mortgage for a traditional property, it is still possible with the right approach and preparation.

It may be possible to get a mortgage for an old factory, but it depends on a variety of factors. Lenders typically consider the purpose of the property, its current condition, and the borrower’s creditworthiness when determining whether to approve a mortgage.

If the factory is being purchased for commercial or industrial purposes, such as for a business or to generate rental income, then it may be possible to secure financing through a commercial mortgage. However, lenders may be hesitant to approve a mortgage for a property that is in disrepair or requires extensive renovations.

If the factory is being purchased for residential purposes, such as to convert into living space or to use as a mixed-use property, then it may be possible to obtain a residential mortgage. However, the property will likely need to meet certain safety and living requirements, and will need to be converted for residential use.

Ultimately, whether or not you can get a mortgage for an old factory will depend on a variety of factors, including the purpose of the property, its condition, and your creditworthiness. It’s a good idea to speak with a mortgage broker who specialises in commercial or residential mortgages to discuss your options.