What does a house need to be mortgageable?

22 November 2019

What does a house need to be mortgageable?

There are a variety of scenarios that might cause a property to be deemed un-mortgageable, however the following rules are common:

  • It must have a functional bathroom and kitchen.
  • It must be wind and water tight
  • It must not be overcome by wet or dry rot.
  • Not close to mining works, areas of landfill, areas of recent flooding or subsidence.
  • If leasehold, have at least 50 years left on the lease.
  • Have necessary planning and building regulations in place.
  • Be of a standard construction, ie brick or stone, slate or tile.
  • Be occupied by a protected or vulnerable tenant.
  • Under £40,000 in value.

Comment on this FAQ