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Mortgage on a 1950 prefab house

I would like to know if i can secure a mortgage on a prefab house built in 1950's and how difficult would it be to re sell again? According to the council it has been fixed already.

Asked on Jul 7 2014, Home Finance in Crawley | Report content

Answers (1)

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  • Hello, There are complications with financing some non-standard construction properties, however, there are mortgages available for them (I've left a link below for you). Regarding how difficult it would be to sell - I can't really help you much with this question, but I imagine it may be a little more difficult than a 'normal' property. Are you planning on living there for a short time or a long time? If you're only planning on being there a very short time then the potentially increased difficulty in selling it will be more important for you. I would speak to your local estate agents about this because they will know the local market and presumably will know how long houses like yours stay on the market for before they get sold. If you plan on living there for ten years or more, I wouldn't even worry about selling it! Over a ten-year period, anything could happen - you may find your 1950s house is really fashionable and therefore more desirable. Or, you may find that the government start building houses again and prices go down across the board as demand falls... Anything could happen! I would just enjoy your new home as much as possible! BTW, my mum grew up in a 1950s pre-fab and as far as I know her family loved it though I believe the house they had has since been demolished... You're buying a unique and increasingly rare piece of our social history! Enjoy it!!!

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    Answered on Jul 30 2014, Report content

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