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Can you get a mortgage on a flat now?

1 reply

MenopausalMimi · 18/04/2022 17:44

I am going to see some flats tomorrow. Most are converted houses or period buildings but there is one that is a warehouse conversion.

I know there is an issue with cladding on some buildings which means most mortgage lenders won't lend against them but is it likely to be a problem for a newly converted building (the warehouse is only 2 stories and doesn't have cladding?).

I only ask as when I did the Decision in Principle I had to choose how old the property was, whether it was a flat that had been converted or a new build and whether anyone had lived in it before!

OP posts:
Okigen · 18/04/2022 19:22

It shouldn't be a big problem. Cladding is more of an issue for the modern flats especially those above 11m.

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