myke
Member
Registered: 7th Feb 01
Location: High Wycombe, Buckinghamshire
User status: Offline
|
I'm looking for my first house at the moment and looked at a nice one tonight which is steel framed.
think i read a while back that this was a bad thing and that either insurance was hard to get or that the lenders were reluctant to fund the purchase of a steel framed house.
any one have any info?
just done a quick google, and there seemed to be mostly plus points.
|
mav
Member
Registered: 19th Jun 01
Location: Scotland
User status: Offline
|
Some Mortgage lenders will not give you a mortgage on steel framed houses...I found this when looking for a house last time..
I am with Northern Rock and they said no way to steel framed or flat roofed houses.
[Edited on 29-11-2006 by mav]
|
myke
Member
Registered: 7th Feb 01
Location: High Wycombe, Buckinghamshire
User status: Offline
|
i figured it was something along those lines, but i'm not sure of the reasons behind this thinking.
the only bad point i can think of is thermal bridging across the wall cavities.
|
Tom J
Organiser: South Wales
Premium Member
Registered: 8th Sep 03
Location: Bridgend
User status: Offline
|
isn't it because the mortgage companies security is the bricks and mortar
|
myke
Member
Registered: 7th Feb 01
Location: High Wycombe, Buckinghamshire
User status: Offline
|
there's still bricks and mortar on the outside leaf.
it's just that the frame is made of steel instead of timber or concrete
|
mwg
Member
Registered: 19th Feb 04
Location: South Lakes
User status: Offline
|
We did a survey on a house a couple of years back and found out it was a steel frame. The result was that the people that wanted to buy it couldn't get a mortgage for it.
|
Mistamist
Member
Registered: 16th Jul 03
Location: Gillingham, Kent
User status: Offline
|
There are a few factors why insurance companies dont like Steel Frame houses, the main one i have come accross is due to the fact that if by any chance the house suffers from any subsidence the cost of the remedial works is crazy as replacing any section of the structure is so much more difficult than concrete or timber.
|
