Singing Pig

Hello Everybody,

Does anybody know the important facts regarding purchasing a metal frame house for letting, possibly as HMO please?

I hear mortgagers do not like them. Any other advice would be apreciated.

Paul.

ring the local authority and establish exactly what method of construction it is.

it is likely to be a former council house and in the 60's many councils experimented with cheap methods of construction of which steel frame is one, there are over 200 'non-standard' construction methods

depending on what it is will determine the lenders available

I think you better not take any magnets with you

Why would you want to buy a metal house as if there was a lender out their who might lend the resale market would be very difficult and lenders tend to change their criteria

 If you can find out the actual construction I might be able to assist by  asking  around

 I mean the "name of the construction"  For instance there is a house consruction called "Dorian" which is made of concrete blocks with metal pins or pipes through the midle for strengh  The blocks are around 4ft x 4ft  Some lender will consider, say 70% or more

John

Hello,

So far the only other type description i have managed to get from the E.A other than "i suppose its steel"

is that the construction is B.I.S.F, does that mean anything to anyone?

P.

bisf is a method of construction

did you call the Council, they probably built them and maintained them for the last 40 years?

Hi Rick

I have now checKed this out, and it is possible to lend on such a structurE

As long as the valuation is alright with it I have a lender who will lend up to 85% LTV And on an HMO

John

thats good at that criteria

be carefull though, i have been told the same, until the application goes in.......