
An unmortgageable property is one that lenders won’t approve for long-term finance. Common reasons include:
* No Kitchen or Bathroom
* A Non-Habitable Property
* Properties with Structural Issues
* Dry / Wet Rot
* Woodworm and Beetle Infestation
* Damp
* Asbestos and Other Chemical Pollutants
* Japanese Knotweed and Other Invasive Plants / Trees
* Surrounding Area Issues – Mining Shafts / Landfill / Flood Risk
* Short Lease Properties
* Defective Lease
* Rising (and Uncontrollable) Ground Rent
* Land Registry Title Not Split Correctly
* Dangerous Electrics or Gas Central Heating
* Cheaper Properties (Under £50,000)
* Flying Freeholds
* Boundary Issues / Negative Easements
* Party Wall Issues
* Unregistered Property
* Non-Standard Construction
* Cladding Issues
* Single Brick (Skin) Properties
* Modern Method of Construction (MMC)
* Roofing Issues
* Planning Issues
* Local Property Blights in the surrounding area ie motorway, airport, junctions, factories or industrial units.
* Restrictive Covenants
* No Building Regulations Approval
* Not Within Minimum Space Standards
* Commercial and Mixed-Use Properties
* Tenancy Issues
* Crime Properties- Properties where there has been a serious crime, it may be difficult to obtain a mortgage due to a perceived decrease in value
If you’re having trouble selling, these factors could be making it harder for buyers to secure a mortgage.
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We offer free advice and valuations for properties with these challenges. Contact us today:
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