Wimpey No-Fines House Mortgage
Wimpey No-Fines 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 Wimpey No-Fines House?
Wimpey is a UK house builder (now Taylor Wimpey) that developed and built Wimpey No-Fines homes after the second world war. There was a big shortage of homes following the war and also a shortage of skilled labour to build homes. Wimpey developed the Wimpey No-Fines home to quickly build homes after the war. This home is made from concrete (rather than brick) and was poured in situ, meaning the house was built on site – rather than made in a prefabricated factory. Around 300,000 of these homes were built across the UK over a period of 30 years. It is by far and away, the most common non-standard home across the UK, providing safe and comfortable homes for thousands of families.
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 Wimpey No-Fines house
- Purchase your Wimpey No-Fines house from the council using a Right to Buy mortgage
- Raise money secured on your Wimpey No-Fines house for home improvements
- A Secured Loan on your Wimpey No-Fines house to consolidate debts
- Raise money for a large purchase such as a caravan or conservatory
- Raise money to convert the Wimpey No-Fines house into a ‘standard property’
- Purchase a Wimpey No-Fines home to rent out (Buy to Let Mortgage)
- We can consider all circumstances including low credit and self employed applicants
Did you know? There is around 300,000 Wimpey No-Fines homes across the UK, many providing safe and comfortable homes for thousands of families. Improvements can be made to Wimpey No-Fines homes to convert them to ‘standard construction’ homes.
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
- Direct access via phone, email and messenger at every stage
- Secure client portal to upload documents and share information
- Mortgage Decision in Principle / Agreement in Principle (DIP / AIP) certificate
- Whole of market mortgage advice and recommendation
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. 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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