Acceptable Property Types

Please note the property has to be confirmed as being acceptable for mortgage security purposes in the professional valuation report for the Society. If you have a property type which is not detailed below, please contact your local mortgage manager today for more information.

Alternatively, please complete the call me back page and one of our mortgage managers will contact you.
 

Acceptable properties – Residential & Buy to Lets/Holiday Lets​   
Type Residential Buy-to-Let

Freehold houses & Bungalows of Standard construction 

Yes

Yes

New Build houses subject to no cash incentives / builder deposits

Yes

Yes

Former local Authority house

Yes

Yes

Right to buy – houses of standard construction only 

Yes

Yes

Grade II listed buildings subject to valuation

Yes

Yes

Leasehold houses , Bungalows, flats and maisonettes of standard construction purpose build or converted (unexpired lease term at valuation a minimum of 50 yrs)

Yes

Yes

Flats subject to no cash incentives/builder deposit and no resale issues raised by the valuer. Up to 6 floors

Yes

Yes

Converted flats up to 6 floors-subject to conversion being undertaken with full planning regulation consent and that there are no onerous conditions contained with in the lease and that the building is being professional managed. 

Yes

No

Flats above commercial premises

Will consider please contact one of our managers

Will consider please contact one of our managers

Modern timber framed properties with external brick skin

Yes

Yes

Solar panels provided that the following applies:
Where solar panels are subject to a lease, confirmation from the solicitors and valuer that the lease does not affect the society’s security.

Yes

Yes

EPC Certificate required: BTL needs to be E or above 

Yes

Yes

Private water supply subject to certification for the water supply being sustainable and fit for human consumption by a suitably qualitied Hydrologist.

Yes

Yes

Properties subject to Agricultural tie & Section 106 occupancy restrictions

Yes

Yes

Properties that have previously flooded with a suitable flood insurance cover available on normal commercial terms.

Yes

Yes

Properties with Land 

Yes

Holiday lets please refer  

Unacceptable properties – Residential & Buy to Lets/Holiday Lets

Type
Freehold flats and maisonettes
Studio flats
Flats in blocks over 7 storeys
Properties in Scotland & N I 
Local Authority built flats and maisonettes
Non traditional construction ex local authority properties.
Properties that have previously flooded 
Properties with Possessory title
Houses with a flying freehold
Former local Authority Maisonettes and flats 
Shared ownership properties
Wimpey No fines construction in good condition 
Properties with 100% flat roof
 
Acceptable properties – Self Build, Barn conversions/Renovation   
Type Residential Buy-to-Let

Freehold houses & Bungalows of Standard construction 

Yes

Yes

Modern timber framed properties with external brick skin. 

Yes

Yes

Traditional builds.

Yes

Yes

Properties with Thatched roof.

Yes

Yes

Modern Oak Frame properties – Refer to Society manger.

Yes

Yes

Modern steel frame properties subject to valuers comments.

Yes

Yes

SIPS (Structurally Insulated Panels) – With an external cladding of Brick, Brick Slip Finish, Cement/Polymer render or Cement Weatherboard.    

Yes

Yes

Septic Tank – Where a shared septic tank is in place, the society will consider these subject to a formal documented responsibilities being in place for all parties in respect of maintenance and repair/replacement and conformation that the tank fully complies with statutory requirements.

Yes

Yes

Partially built properties (subject to)
•    Certification and inspection certification by a qualified architect
•    Confirmation that the property has been constructed in accordance with planning/building requirements.

Yes

Yes

Plots/properties subject to 106 agreements.

Yes

Yes

Grade II listed buildings subject to valuation.

Yes

Yes

Private water supply subject to certification for the water supply being sustainable and fit for human consumption by a suitably qualified Hydrologist.

Yes

Yes

Second Homes – Where the property will be occupied by the borrower, typically as a Holiday/Weekend home.

Yes

Yes

Unacceptable properties – Self Build, Barn conversions/Renovation

Type
Properties with Possessory Title.
A group development, e.g. builder/development offering multiple plots.
High Alumina Cement.
Land only where no building planned or commenced.
House subject to Flying Freehold.
Properties that are reported to be contaminated land or within a contaminated land area.

Please contact your local mortgage manager today for more information.

Alternatively, please complete the call me back page and one of our mortgage managers will contact you.

 

Your home may be repossessed if you do not keep up repayments on your mortgage. Think carefully before securing other debts against your home.