Non-standard construction mortgage approved in Southampton
Original Article Summary
Norton Home Loans has approved a £218,000 remortgage on a non-standard construction property in Southampton after three mainstream lenders declined the application. The case highlights ongoing challenges in securing finance for properties built with alternative construction methods. The post Non-standard construction mortgage approved in Southampton appeared first on PropertyWire.
PropMatch Curated Analysis
Norton Home Loans approved a £218,000 remortgage on a PRC property in Southampton after three mainstream lenders declined, highlighting the ongoing need for specialist lenders when dealing with non-standard construction properties.
Investor Relevance
Demonstrates financing options exist for non-standard construction properties through specialist lenders, important for investors considering PRC or other alternative construction types. Shows the impact of neighbouring property conditions on lending decisions and the higher LTV potential (80%) available from specialist lenders.
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