Got a client with a non-traditional property? While most lenders are hesitant to accept this, we’re happy to take a look.
At Mercantile Trust, we accept all construction types — including all varieties of concrete, steel-frame, and timber-frame.
If the property’s noted as non-traditional, that’s fine — as long as it’s suitable for the area, we’ll usually consider it.
If a valuation flags the construction as defective, we just need to see that it’s been repaired under a licensed Precast Reinforced Concrete Homes repair scheme (please note, Leeds 1 and 2 schemes aren’t accepted) and that a completion certificate is available.
Key features:
- Up to 75% LTV
- 1st & 2nd charge BTL and Bridging loans
- AVMs possible on non-standard construction (excludes Purchases, MUFBs, and Holiday Lets)
- Drive-by valuations up to 65% LTV
Need a bit more detail? Just give me a shout — happy to help.
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