Mortgages for Wooden Houses
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Mortgages For Wooden Houses
Whether you are buying a beautiful timber-framed listed building, a log cabin, or an eco-friendly wooden home, you may require a slightly more specialised approach to finding the right mortgage to achieve your home owning dreams. Some high street lenders are unwilling to lend on wooden houses because they consider wood to be an unconventional building material. This is often because they believe that the property may be harder to re-sell in the event of repossession.
Getting mortgages for wooden houses
Types of wooden houses that you may find it difficult to borrow a mortgage for may include:
- Old houses that are timber framed – such as medieval and Tudor cottages with exposed wooden beams
- Modern houses that have an eco-friendly wooden structure – many people are keen to buy or self-build a sustainable, environmentally friendly home using natural renewable materials such as wood
- Wooden cabins and chalets – such as holiday houses
However, if you want to buy a house that falls into one of the above categories, you should still be able to get a mortgage if you take the time to approach a specialist mortgage provider.
For example, Ecology Building Society specialises in lending on unusual, eco-friendly properties such as wooden houses, as well as offering mortgages that take into account other traditional constructions methods that may also be found on timer framed houses such as straw bale, thatch, and wattle and daub.
Speak to our specialist team to help you find the right mortgage option for you.
Call 0117 313 7780 or Request a Callback.