This website uses cookies to improve user experience. By using our website you consent to all cookies in accordance with our Cookie Policy. Read more
Details sort by initial rateLenderInitial rate Rate type Overall cost for comparisonMax LTVProduct feeMonthly cost Enquire
Initial rate: 1.19%
Rate type: Fixed Nov-2019
Monthly cost: £389.37 per month
Max LTV: 60%
Product fee: £1423.00
Overall cost for comparison: 3.5% APRC
NatWest logo 1.19% Fixed Nov-2019 3.5% APRC 60% £1423.00 £389.37 per month get quotes Call direct0800 158 2934
Initial rate: 1.19%
Rate type: Fixed Nov-2019
Monthly cost: £389.49 per month
Max LTV: 60%
Product fee: £1273.00
Overall cost for comparison: 3.5% APRC
Royal Bank Of Scotland logo 1.19% Fixed Nov-2019 3.5% APRC 60% £1273.00 £389.49 per month get quotes Call direct0800 096 7447
Initial rate: 1.19%
Rate type: Fixed Nov-2019
Monthly cost: £389.49 per month
Max LTV: 60%
Product fee: £1273.00
Overall cost for comparison: 3.5% APRC
Royal Bank Of Scotland logo 1.19% Fixed Nov-2019 3.5% APRC 60% £1273.00 £389.49 per month get quotes Call direct0800 096 7447
Initial rate: 1.19%
Rate type: Fixed Nov-2019
Monthly cost: £389.37 per month
Max LTV: 60%
Product fee: £1273.00
Overall cost for comparison: 3.5% APRC
NatWest logo 1.19% Fixed Nov-2019 3.5% APRC 60% £1273.00 £389.37 per month get quotes Call direct0800 158 2934
Initial rate: 1.24%
Rate type: Fixed Nov-2019
Monthly cost: £391.71 per month
Max LTV: 60%
Product fee: £1584.00
Overall cost for comparison: 4.1% APRC
Clydesdale Bank logo 1.24% Fixed Nov-2019 4.1% APRC 60% £1584.00 £391.71 per month get quotes
12345678910...

Representative Example:

A repayment mortgage of £120,000 payable over 28 years and 1 month initially on a fixed rate for 2 years at 1.99% and then on the lender current variable rate of 3.69% (variable) for the remaining 26 years and 1 month would require 24 monthly payments of £465.20 and 312 monthly payments of £565.39 and one final payment of £565.19.

 

The total amount payable would be £189,357.67 made up of the loan amount plus interest (£68,161.67), booking fee (£999), completion fee (£30) and valuation fee (£197).

 

In this example the overall cost for comparison is 3.7% APRC representative.

 

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT

Mortgages for Steel Framed Houses

Our Mortgage Service For Steel or Framed Homes

Why choose our mortgage service?

Fair Mortgages can provide you with a first class mortgage service. 

Special features of what we offer include:

  • Access to specialist lenders who will consider steel framed properties
  • Whole of market service - we cover over 60 UK lenders
  • Great Rates - Access to leading market rates
  • Exclusive Deals - Access to exclusive remortgage deals not available on high street
  • Fast turnaround - call us if you need to move fast!
  • Less than perfect credit history? - We have lenders who will take into account previous defaults and missed payments 
  • Raising additional finance - If you are looking to raise finance we will look at all your finance options as well as remortgaging.

To investigate your mortgage options for a steel or metal framed houses call our specialist team on 0117 313 7780 or fill in our call back form. 

Right Bullets

Mortgages for steel framed houses

Getting a mortgage on a house made with more unusual materials, such as steel frame, can be a little more complicated than getting a mortgage for a house made from bricks and mortar. However, our expert whole of market mortgage advisers can help – call us today on 0117 313 7780

What is a steel or metal framed house?

There are many different types of steel framed house, with one of the most common being the British Steel Framed House, which was mass-produced shortly after the end of the Second World War by the British Iron and Steel Federation (BISF). The intention was to provide quickly erectable, affordable housing for those who had been displaced from the inner cities due to bombing, as well as providing housing for returning military members. The Ministry of Works Emergency Factory Made Housing Programme built around 40,000 BISF houses in the post war period. Other well-known steel framed houses include the Telford Steel Framed House, examples of which were built in the 1920s following World War One.

What problems can buyers face when getting mortgage for steel framed houses?

One of the key issues faced by prospective purchasers of BISF houses is that this type of housing is often incorrectly categorised along with other types of prefabricated post-war housing as being listed as Defective Housing or Temporary Housing. This is incorrect, as BISF houses as a whole are not listed in this way.  However, there are several issues unique to steel framed houses that may make many mortgage providers reluctant to lend. Some of these could include:

Asbestos used in construction – this is often found in the roof, around water tanks, or other areas using insulation. You will probably need to get a specialist asbestos report on the property you want to buy, to ensure it is safe by modern housing standards, before you will be offered a mortgage deal.

The property not being recognised as a steel framed house – this is a frequent problem which may not be unearthed until a full structural survey has been carried out, resulting in the subsequent withdrawal of a mortgage offer. Many steel framed houses had had numerous additions and renovations over the years, including cladding, pebble dash, tiling and extensions, which can all make the building look like it is made from more standard construction materials than it really is.

Corrosion of the metal frame – rusting and corrosion can be a problem in older steel framed houses.

Our dedicated whole of market mortgage team can help you to locate the right steel framed house mortgage deal for you – call us today on 0117 313 7780 or request a callback.

house icon