Complex Properties
Complex Properties: The majority of homes in the UK are considered standard, such as a 3-bed semi-detached or a 2 bed terrace home. But there are a large proportion of homes that would be considered ‘complex’ homes by a lot of high-street lenders.
Some high-street lenders tend to shy away from complex homes, so it can be difficult to get some lenders to agree to a mortgage on a complex property. Thankfully First Select Mortgage Brokers have access to a wide range of lenders who could help. We have many years experience in finding the right mortgage for your complex property.
What are complex properties?
This is usually dependent on the size, condition, build or features of the property. For example a flat above a shop, ex-council properties, high-rise flats and homes with conditions attached such as age restricted retirment homes. Also large properties with many acres, homes with paddocks, properties with more than one kitchen, granny flats or annexes, are just some examples of large expensive homes that would also be considered complex.
The condition of the property can also be a factor, for example a part-refurbished home with no kitchen or bathroom would be considered ‘uninhabitable’ by many banks, properties with section 106 restrictions, agricultural ties or Japanese Knotweed.
Thankfully we have access to a wide range of lenders that can consider a varied selection of properties.
- Properties with more than one kitchen
- Properties on multiple titles
- Listed Properties (Grade 1 or 2 listed)
- Agricultural Tie / Agricultural Occupancy Restriction
- Section 106 Properties
- Properties with no bathroom or kitchen
- Uninhabitable properties
- Residential Development Mortgages
- Renovation home loans
- Local occupancy restriction homes
- Multiple Properties on one title
- Flat above a shop or takeaway
- Homes with AirBNB’s or rental homes on same title
- Properties with 25+ acre’s or more
- Properties with commercial use (mixed use homes)
- Farms & Equestrian homes
- Ex-council properties
- Maisonette flats
- High rise flats, 5 stories or more
Did you know? Most mortgage lenders will not lend on high-rise ex-council flats. However in London, some of these properties can be worth over half a million pounds!
Our Services
Our team of friendly experts will explain the process of applying for a mortgage and guide you along the journey. We can explain the entire process and provide FCA regulated advice and recommendation on the best financial solutions for your circumstances, based on your preferences. We can meet face to face, virtually or on the phone. Our systems allow you to submit information and documentation via our secure client portal. After we have arranged your mortgage, our friendly team will be on hand to help keep your finances in good health, into the future and we will be happy to help again with remortgaging or product switching.
- A dedicated Mortgage Adviser
- Direct access via phone, email and messenger at every stage
- Full UK coverage, we can support clients all across the UK.
- Mortgage Decision in Principle / Agreement in Principle (DIP / AIP) certificate
- Whole of market mortgage advice and recommendation
- Clear communication and regular updates
Read our Free Information guide for Non-Standard Properties Mortgages.
Have more time? We have published a Free Information Guide for Complex Property Mortgages. It is a short 4 minute read and can be accessed: here
About us
First Select Mortgage Brokers are friendly and professional mortgage brokers. We can access mortgages from the whole of the UK mortgage market, meaning we can get the best possible deal for our clients circumstances. Based in Manchester, we are a family business with decades of experience in financial services. Our goal is to be the most trusted regional mortgage advisory business in the northwest of England.
Our team of experts are ready and waiting to help. Contact the team below:
Phone: 0161 393 1575 // 07780 446 937
Email: hello@firstselectfs.co.uk
Visit our Contact Us page to make a formal enquiry
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References & Disclosure:
*Data correct from Feb 2018.
https://www.theguardian.com/money/2018/feb/17/self-employed-mortgages-home-loans