Orlit PRC House Mortgage
Orlit PRC House Mortgage: There are around 700,000 non-standard construction homes across the UK. Many are perfect properties providing safe and comfortable living for many people and families. They are not defective homes, they are simply built from non-standard construction materials. The vast majority of homes in the UK are made from brick, with a tile or slate roof.
However there are plenty of homes built from other materials. You only need to watch an episode of ‘Grand Designs’ to see how some modern homes can be built from different materials.
What is a Orlit PRC House Mortgage?
The Orlit PRC House is a Pre-Cast Concrete home manufactured by Orlit during the 1940’s and 1950’s to meet the demand for homes following the second world war. PRC means pre-cast concrete, which means the house was made from concrete panels made in a factory and assembled on site. Around ~20,000 Orlit homes were built across the UK. They can be hard to distingusih between other non-standard homes as they are often clad. A professional surveyor will be able to confirm the type of your PRC home.
Whilst these homes are no more likely to have issues than any normal home, the types of problems can be unique to that property type. For this reason, many high-street banks will not provide a mortgage on these types of homes. Thankfully First Select Mortgage Brokers has access to a range of specialist lenders who are regulated by the FCA who can provide mortgages on these homes. Just keep in mind they are likely to require a higher deposit compared to high-street lenders. The rates on these mortgages may also be higher, but we will bespoke a solution to ensure it is affordable for you and the monthly payments are within your budget. If you rent your home from the council or housing association, we can help with a Right to Buy Mortgage, and we can also help if your credit score is low and if you are self-employed.
How we can help:
- Purchase your Orlit PRC House
- Purchase your Orlit PRC House from the council using a Right to Buy mortgage
- Raise money secured on your Orlit PRC house for home improvements
- A Secured Loan on your Orlit PRC house to consolidate debts
- Raise money for a large purchase such as a caravan or conservatory
- Raise money to convert the Orlit PRC house into a ‘standard property’
- Purchase a Orlit PRC home to rent out (Buy to Let Mortgage)
- We can consider all circumstances including low credit and self employed applicants
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.
- A dedicated Mortgage Adviser
- Face to face, virtual or over the phone, flexible to meet your needs
- 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
Contact Us
Read our Free Information guide for Non-Standard Construction Mortgages.
Have more time? We have published a Free Information Guide for Non Standard Construction 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.
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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