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Identification Which property type. Peterlee

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Hi, I have searched the forum and what feels like most of the internet to try and find out if a property that I wish to buy is in fact of None standard construction. Wanted to stay with current mortgage lender but upon their survey have found it to be 'LPS Skarne" construction and they will not lend against this type of property.

Have tried to find answers myself but cannot find anything definitive, I was completely unaware of the property construction up to this point as I could see brick and assumed it was standard. I did also read elsewhere that someone had tried to sell a property nearby and their buyers first mortgage was refused due to construction type however their second lender said it was fine?

2 leven
3 leven
1 leven

 The property has been mostly covered in render, however at one end brick can be seen. Is this just to cover said panels?

Screenshot 2023 04 26 at 11.54.02
Screenshot 2023 04 26 at 11.53.37

 

Address is Leven Walk, Peterlee. SR8 1HF.

Any help would be appreciated. I can see that other homes in the area have been bought and sold in the past so presume that they are in-fact mortgageable.

Kind regards

Dan 

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Hi , did this matter get resolved? I’m having a similar issue 

 

Community 5 Reb 8 July 2024 10:36 AM

@stew did you ever get this resolved? I live in this area and property sold STC. I never had this issue when i purchased the property and buyer trying to considerably lower the price.

Community 7 Dwhite Topic starter 10 July 2024 9:27 AM

@stew Of sorts. Ended up going with a different mortage lender. We were with Accord/YBS. They refused to lend. Our broker found us a deal with HSBC and they lent straight away. I really cannot see why buyer is trying to lower the price considerably. These houses have been standing since mid 1960s and don't seem to be going anywhere. Some lenders are fussy but we had no issue with HSBC. 

 

Still never found out what kind of 'build' the house is or how it's constructed but it's solid.