In the simplest terms, a property of ‘non-standard construction’ is one that is not made of brick or stone walls, with a slate or tiled roof.
There are many different types of non-standard homes, for example those built purely from timber to concrete and prefabricated homes.
Many prefabricated homes were built in the UK during and after the war as a form of affordable housing. However, concrete is not as durable as brick or stone and properties were quickly suffering from crumbling concrete with cracks appearing.
This made it very difficult to get both a mortgage and insurance to purchase or live in these types of properties.
At Discount Insurance things are different. We can provide cover on a range of non-standard properties and features including up to 100% flat roofs, glass roofs, wooden houses, cob-tiled roofs, asbestos construction, listed buildings and much more.
We like non-standard properties so much that we’ve put together a list of the top 10 things to consider when buying a non-standard home:
1. Ensure you budget enough to purchase the property, as surveyors’, mortgage and legal fees may be higher than normal.
2. Either have the cash ready to buy the property outright or find a specialist lender that is happy to lend on the property before you make any offers.
3. Make sure the property is priced at a discount to reflect the difficulties in raising finance and insurance, and try to negotiate this down if not.
4. Most non-standard properties are sold at auction so don’t make an offer on a property unless you are sure you know what it’s made of. You will need to provide exact details to both your mortgage lender and insurance provider.
5. Make sure you secure quotes for insuring the property from a company who understands the problems that the property may suffer and should therefore give you cover more suited to your needs. Contact us today for a quick quote on 0800 294 4522.
6. Secure a specialist legal company to carry out the conveyancing, usually someone local to the area that has experience of additional questions that need to be asked.
7. If the property needs renovating make sure you secure the help of builders with experience of renovating properties like yours, don’t just go for the cheapest quote and ensure you agree the work that needs doing and any guarantees via a contract.
8. Find out what the bills will be, for example will the heating bills cost more or less due to the different materials used for the property?
9. Have a specialist survey carried out on the property and ideally go around with the surveyor so you are clear about the problems the property may or may not have.
10. Understand that when you come to sell the property, unless you have renovated the property to standard construction, it may take a little longer to attract a buyer.
Don’t be put off by a property if it is of non-standard construction, although there are additional things to consider before purchasing a property of this kind, it will be worth it if it’s your dream home!