Lending criteria for unacceptable properties
Unacceptable properties
The following property specifics are not permitted. Please note this list is not exhaustive; please also read the other articles on the property specifics page.
- No internal bathroom and W.C. or kitchen
- Liable to be subject to clearance or compulsory purchase order
- Freehold flats and maisonettes
- HMOs (Houses of Multiple Occupancy)
- Isolated rural properties with restricted access and services
- Office to residential conversion
- Residential property divided into bed sitting rooms
- Studio flats
- Flats with balcony access i.e. access via covered walkway
- New build maisonettes/apartments/flats where the LTV exceeds 90%
- Live/work properties
- Shared ownership
- Shared Equity (Help to Buy scheme permitted)
- Right to Buy
- Local Authority multi storey blocks (Some properties may be considered in certain locations, please contact your BDM)
- Timeshare accommodation
- Holiday homes
- Dwellings of totally timber construction i.e. not clad with brick, stone etc, including the log cabin/chalet type of construction
- Single brick (single skin) construction
- Partially built property
- Properties with restrictions in place that would affect future marketability and resale value
- Properties requiring extensive multi-trade repair, that could not reasonably be lived whilst renovation work is being carried out
- City Properties with self-contained basement units which are (or are to be) let out
- Ministry of Defence properties
- Properties with two or more kitchens
- Property comprising of more than one dwelling
- Two-storey property where one is a commercial unit
- Properties with spray foam insulation / sealed roofs used including those where it was used and subsequently removed.
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