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Wates Group prefabricated reinforced construction builds were homes built to cater for the post-world war 2 affordable housing crisis and these homes are almost impossible to get a mortgage for as they are plagued with corrosion issues which degrade the concrete and steel being used in the homes.
Why can’t you get a mortgage on a concrete house?
Concrete build mortgages can be more difficult to obtain. This is because concrete construction is classified as a ‘non-standard’ build type, and any property falling under this category may be considered higher risk, and therefore harder to insure and resell.
Can I get a mortgage on a Reema property?
Reema construction homes are usually harder to mortgage as many high street lenders will not offer a loan on a home that has been built in a non-traditional way. This is because many banks or mortgage lenders are no longer prepared to give a mortgage on Reema properties, although you can still make a cash purchase.
What is a Wates House?
Wates PRC Houses PRC Homes Ltd Approved Repair Scheme Often referred to as the full scheme. This repair involves removal of the concrete exterior wall and replacing with a traditional brick and block wall. The party wall/walls will also need a new load bearing wall this could be either in blockwork or timber frame.
Why is it hard to get a mortgage on a steel framed house?
What is the problem with steel frame homes? The main issue is around build qualify as many types of steel framework can develop structural issues. This means that steel frame properties can be more difficult to sell and insure, and are therefore mortgage difficult to get a mortgage on.
What’s wrong with concrete houses?
The concrete can be prone to defects, leading to structural issues later on. It is relatively easy for prospective home buyers to spot issues of structural weakness or mould and damp during a viewing, however, issues regarding non-standard construction are often difficult to note.
How long do concrete houses last?
Concrete and poured-block footings and foundations will last a lifetime, assuming they were properly built. Waterproofing with bituminous coating lasts 10 years, but if it cracks, it is immediately damaged.House Life Expectancy. FRAMING YEARS Log 80 to 200 Poured-Concrete Systems 100+ Steel 100+ Structural Insulated Panels (SIPs) 100+.
Do Halifax lend on steel framed houses?
Since then however, the Halifax has approved huge numbers of Steel Framed property mortgages, many of these being BISF Houses. The majority of sales going through Halifax do so with little or no problems, providing the surveyor is familiar with the property type and raises no objections.
Are concrete homes good?
Concrete house construction provides homeowners with many benefits, including energy-efficiency, durability, and low-maintenance. Also, concrete homes create a safe, comfortable, and healthy environment, along with contributing positively to the environment.
Are prefabricated homes cheaper?
The general rule of thumb is that prefab construction is cheaper than stick-built homes by an average of 10 to 25 percent. The cost of labor is also less because you don’t have to send carpenters, plumbers, and electricians to individual construction sites. And a faster build time saves money too.
What is the meaning of Wates?
(wɑt) n. a Buddhist temple or monastery in Thailand or Cambodia.
When were Airey houses built?
Airey houses were designed in 1947 by Leeds industrialist Sir Edwin Airey (1878-1955) to help solve the housing crisis that followed the Second World War due to bombing, baby booms and the continued clearing of inner city slums.
What is the problem with steel framed homes?
Steel Framed Construction is Not Energy Efficient. When compared to most other framing products, steel framing is not energy efficient. In fact, wood has nearly four times the thermal resistance of steel. The reason steel frame buildings are not energy efficient is due to thermal bridging.
Will banks finance metal homes?
Whether it’s a bank or credit union, a mortgage, or an online lender, by cutting out the middleman, you can usually qualify for better interest rates on the loan for your metal building. Some lenders are even willing to let you take out a business loan to cover your costs instead of a traditional mortgage.
Are metal houses energy efficient?
FAST FACTS. Modern steel has rapidly become one of the most energy efficient building materials to produce. Between the early 1990s and 2007, the U.S steel industry cut energy use per ton of steel by nearly 1/3. Cold-formed steel (CFS) buildings can be some of the highest performing buildings.
Are concrete houses harder to sell?
Concrete construction houses are typically harder to sell than brick properties as they have more defects and less structural integrity.
Are concrete houses cold?
Concrete is one of the most popular building foundations for houses. However, despite being one of the most durable and sound-proof types of buildings, concrete is also an effective thermal buffer, which means concrete homes tend to get quite cold in the winter and can be very hot in the summer.
Are concrete homes energy efficient?
Just looking at a piece of lumber and then a concrete masonry block makes it clear why concrete homes are more energy efficient than wood-frame homes. Concrete’s mass slows down the passage of heat moving through the wall.
What is the lifespan of a house?
Without special care and maintenance, the maximum lifespan of a house is about 200 years. Yes, there are historical buildings that are far older, but those have received special maintenance and preventive care that few other buildings receive.
Is a concrete house cheaper to build?
Concrete homes are typically more expensive to build than conventional homes, but they’re less expensive to maintain and more durable over time. Concrete affects the bottom line in other ways, lowering heating and cooling costs and even insurance premiums.
What type of house lasts the longest?
4 Long-Lasting Building Materials Every Homeowner Should Consider Brick. It should come as no surprise that brick is one of the most durable building materials on the planet. Stone. Stone is another material that’s been used for centuries and has proved its ability to hold up over time. Steel. Concrete.
