Orlit homes

[ToryLG]

Hi any advice would be amazing!
We are looking to buy our first home. We keep coming across orlit homes in our area. The solicitor has mentioned it would be hard to sell on if we purchase one but can anyone tell me why. I’m looking for a home to live in indefinitely and not thinking about selling. There are so many in our area and they seem lovely inside from viewing. What would it mean for us if we did purchase one. Is it going to fall apart?
Thanks

It's basically the pre-cast reinforced concrete (prc) that has been used to build the houses that can cause problems & some banks/building societies will not give a mortgage or the amount of mortgage that you need to buy a prc or non standard construction home.

Some info here:
https://flettons.com/understanding-the-orlit-type-ii-house-a-comprehensive-guide-for-home-buyers-and-investors/

www.firstselectmortgagebrokers.co.uk/orlit-prc-house-mortgage/

I think your solicitor is probably referring to the added cost of a new build. What he means is that you wouldn't be easily able to sell it on again for what you are paying for it. New builds are often immediately worth 10 to 20 % less than the purchase price. Particularly when the market is difficult - as things are looking like slumping at the moment he's giving you good advice. In a strong market, when borrowing is cheap, new builds can sometimes be sold on again and the origional buyer can get back what they paid, or even a little more, within a couple of years. We are no longer in a strong market situation so it could be several more years before the house would sell at what you paid.
He could also be referring to "fleeceholds" if that's what the property is ? This is where a property is marketed as freehold but in reality is part of a managed estate where an extra management fee is payable for services and maintenance to the estate. These have a smaller pool of interested buyers on the second hand market, resulting in them being harder to sell and loosing more value over a true freehold when the market is difficult.
I don't think the construction type in this case is really what he's referring too - but it's worth asking him in more detail as he is volunteering to give you good information - and maybe he would include good reasons I'm not aware of about the specific property your looking at.