Can I get a mortgage for an ex-local authority?
Anne Goodman House, E1.
Asked on Jul 4 2013,
Home Finance in London |
The fact that it is an Ex-Local Authority property makes no difference to your ability to obtain a mortgage.
Things that may affect your ability:
Lease Length (if a flat)
Building material (some lenders don't like concrete blocks)
Number of floors (some lenders don't like buildings with more than 6 floors).
Your age, deposit and financial situation.
Before you start looking at properties you should approach a mortgage broker or some lenders directly and obtain an Agreement In Principle. At this point they will inform you of any restrictions on the types of properties they will lend on.
Answered on Jul 8 2013,
Please call into the office and speak with my colleague Mark Wootton, he is an independent mortgage advisor and will be able to help with your query.
Answered on Sep 10 2013,
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