| Timber Frame properties 19:32 - Sep 9 with 1178 views | peterleeblue |
Has anyone had any concerns buying timber frame bungalows.
I understand on 70s ans 80s builds there could be issues with future mortgagability and getting buildings insurance.
Estate Agents don't seem very transparent in advising of structural status. |  | | |  |
| Timber Frame properties on 19:35 - Sep 9 with 1154 views | Zx1988 |
You're quite right - speaking as a surveyor here. Post-war timber frame can be a minefield, and very tricky to mortgage.
Do you know if it's a 'named' design? (for example, Swedish Timber - https://www.prefabmuseum.uk/content/history/swedish-post-war-prefabricated-house If so, I can look it up and see whether it's covered in my big book of non-standard construction homes.
If the agents are being less than helpful, though, I'd see it as a potential red flag. They want to sell the property for their client, and if extra information would put your mind at ease (rather than tipping you off that it's Not Good) no doubt they'd be more than willing to talk. |  |
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| Timber Frame properties on 19:37 - Sep 9 with 1140 views | Dennyx4 |
It would come under non standard construction, which each lender would have a different take.
I would suggest speaking to a local mortgage broker to where the property is, as they will know, which lenders have lent on the properties previously.
Some lenders will be a straight no, others may limit on LTV, others may be ok to lend with no restrictions. |  | | |
| Timber Frame properties on 21:46 - Sep 9 with 849 views | DJR |
I know nothing about construction but if any lender would not be prepared to lend on a particular type of property, that would be a big no-no for me not least because you have to think about whether you could easily sell the property. [Post edited 9 Sep 21:46]
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| Timber Frame properties on 22:00 - Sep 9 with 789 views | textbackup |
In my experience estate agents are bloody hopeless, and the people I’d go to last to seek advice on the structure of a property.
We purchased an old pub a number of years back, and the estate told me a door in the hallway went down to the cellar… I stood the other side and opened the door… he looked shocked.
I’d seek professional advice (would be costly though I guess) |  |
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| Timber Frame properties on 22:32 - Sep 9 with 703 views | Southend_Tractor |
Am a Mortgage Broker.
With timber frame it really depends on when the property was built. Pre 1900 or post 1970 you're generally OK - it's the years in between a number of lenders don't like.
Other main consideration is if there's been insulation retrospectively installed in any cavities between the frame and cladding.
If you go on Land Registry and pull a copy of the title off it will tell you in the charges register if there is already a mortgage on it as well as who the existing lender is. | | | |
| Timber Frame properties on 08:24 - Sep 10 with 218 views | monkeymagic |
Many/most insurers will be prepared to give cover but rates are typically 25-50% higher for timber framed homes. | | | |
| Timber Frame properties on 08:38 - Sep 10 with 186 views | WeWereZombies |
| Timber Frame properties on 08:24 - Sep 10 by monkeymagic |
Many/most insurers will be prepared to give cover but rates are typically 25-50% higher for timber framed homes. |
I can tell you from personal experience that insuring a timber house is a bit of a pain and you will get some stupidly expensive quotes (when you can get them) but perseverance pays off. I'm with Post Office Insurance at the moment and they seem OK but I've never had to make a claim (and I never intend to as I only see house insurance as something needed for personal liability.)
Bought the place outright so didn't need a mortgage and expect I would not have been able to get one at the time, not a full one anyway. One of the houses in our row has just sold so I expect I shall find out, in casual conversation..., whether that is still the case. These are the Swedish kit houses brought over by the Forestry Commission in the Nineteen Fifties as houses for their workers and everyone who works on mine says they are astonished at how durable they are, timber must have been soaked in preservative for months. |  |
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