Steel framed house

(5 Posts)
Mamagin Tue 22-Sep-15 18:39:31

My son is looking for a house in the South East on a limited budget - has been offered 107k with 10 percent budget. This obviously severely limits his choice. He has seen a house which he loves - in what seems like a reasonable area, fantastic views and good sized rooms. Commute to his job is OK, and parking, though on street, appears plentiful. The estate agent has said that the house is steel framed - looking on the internet there appears problems in getting mortgages, insurance etc. Does anyone have any experience on steel framed houses?
His second choice atm is in a street further into town, with limited parking and feels very crowded in. His commute would mean travelling through town to get to the motorway.
Any views welcome.

Mamagin Tue 22-Sep-15 18:50:30

Sorry - 10% deposit!

cannaethink Tue 22-Sep-15 20:50:07

My house is steel framed. The mortgage is with Halifax who had no problem with it. Different banks have different rules though. I tried to remortgage recently with another bank but they refused due to the construction. It's concrete walls too so that's an issue as well.
The insurance wasn't a problem. I got quotes through a price comparison site. I think I phoned up the first time just to make sure they knew of the construction and was told steel framed houses are quite common.

sparechange Thu 24-Sep-15 13:37:37

My house is deliberately steel framed - it is Victorian, and was renovated by taking all the internal walls and floors out and rebuilding them around a steel frame!
In fact, if you watch Grand Designs, most episodes show houses being built with steel frames.
Some mortgage companies won't lend for houses of 'non-standard construction', so you need to find out what is non-standard about the steel frame - is there a lot of concrete as well? Is it pre-fab in other ways?

I'm not sure our current mortgage company even picked up the steel frame when they did the valuation. It didn't seem to be mentioned on any of their reports...

whatsthatcomingoverthehill Thu 24-Sep-15 15:59:08

Is it a 60s style prefab house? If so there were all sorts of issues with those, but it does depend on the exact type. It's not the steel itself that's the problem, but all the detailing that went along with those sorts of houses.

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