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Selling a problem property to a cash buyer. Sun, 05 Jan 2014 10:30

11 scenarios that make a property unmortgageable.

I was on another forum earlier today and came across a post from a novice investor who was talking about how he purchased a property for cash at an auction, using a bridging loan, only to find that the property was unmortgageable and he could not exit the bridging through BTL finance.

This prompted me to write a blog and I thought it might be helpful to share the 11 scenarios I am of aware of which make a property unmortgageable:

1. A derelict property cannot have a mortgage secured on it.


2. A property without a kitchen and bathroom is unmortgageable.

3. Most lenders do not lend on properties valued below £50K, especially buy to let lenders.

4. Most lenders will not lend on a leasehold property with a short lease > typically less than 70 years.

5. Most lenders will not lend on a property with any kind of structural defects or properties close to mining works, areas of landfill, recent flooding, or subsidence.

6. Lenders are very unlikely to lend on a property with sitting tenants/Regulated Tenancies

7. Lenders are unlikely to lend on a property with any kind of defective lease.

8. Properties with damp, dry or wet rot, wall tie or structural problems.

9. Properties where there are boundary disputes or where planning applications have not been applied for correctly.

10. Properties where part of the building is in severe disrepair and needs demolishing.

11. Properties of unusual/non-standard construction.

Hopefully the above covers most of the types of property problems.

If you click the following link, it will take you directly to my article and to a leading Landlord forum:

Property Tribes discussion


Dream House Buyer is a family owned property company that considers all types of property, and we buy property with sitting tenants too. We will make an instant cash offer for any property in the UK, regardless of the size, location, condition or value.

We will buy any property that you might consider a problem - including property with sitting tenants, flats with short leases, problem tenants, unmortgageable and structurally damaged property.  We also buy ground rents and portfolios. If you think we can help, then please invite us to make you an immediate cash offer for your property.

Contact us on 0800 1577 497 or email us info@dreamhousebuyer.co.uk






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