0845 260 4480
Mundic Properties
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What are Mundic Properties?
This is mainly a problem for properties in Cornwall. Between 1900 and the early 1950's many properties were built with concrete constructed of poor quality aggregate from mining waste. The minerals contained in the aggregate material can cause a chemical reaction which results in deterioration of the concrete. Mortgage lenders now insist that properties built of block construction or mass concrete, that were constructed prior to the early 1950's, are tested to ensure that the structure has not been affected by Mundic. Due to the potential for the concrete to just crumble away most mortgage lenders label them as "defective" and as such will not lend against them.
How We Can Help
We have access to a specialist lender who will lend up to 65% of the property value no matter what class Mundic the property has, yes the interest rates are higher to reflect the lenders risk.
If you would like to raise a mortgage for an Mundic property please complete the form below.
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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. |
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Fineants Ltd is an Appointed Representative of Network Data Ltd, which is authorised and regulated by the Financial Services Authority. Network Data Ltd is entered on the FSA register (http://www.fsa.gov.uk) under reference 300 391. |
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The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK. Not available to anyone under the age of 18. |
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Important - please download and print out our Initial Disclosure Document (IDD) |
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Fineants Ltd Registered Office 5 Jupiter House Calleva Park Reading Berkshire RG7 8NN Registered in England No 4743362 |
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Fineants Limited 2007 - all rights reserved. |
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