Hi all,
Could anyone advise me on the feasibility of getting a mortgage on the below property, and what potential issues I could face as an owner?
The agent I've spoken to has sent me the following excerpt from the valuer's report:
"The property is considered to be a non-traditional construction called Crosswall construction. This form of construction has concrete gable and party walls with the front and rear elevations being timber framed with cladding and minimal masonry outer skin. Therefore, the property is not acceptable as suitable security. Future saleability and mortgageability will be affected."
The size, location and price of the property are all ideal for my needs, but I'm worried that ownership could prove costly.
Thanks in advance.