80% Fees can be added to all products. Related words: Loan to value, loan size, loan amount, council
Tenure & Leasehold
Standard, Studio Flat, New Build, Above/Adjacent to Commercial, Ex-local Authority, HMO – Freehold and Leasehold, MUFB – Freehold Only. Minimum 51 years remaining at end of term or Section 42 agreed prior to completion. Transactions involving headlease/sub lease are unacceptable. Related words: Short lease, expiry
Acceptable HMO Classes
Small HMO – C3 and C4. Large HMO – C3, C4 and Sui Generis. Related words: Planning permission, student, bedsit, house share
Acceptable Construction
Standard brick and breeze block construction Single brick offshoots / extensions (unless this element is a habitable room) Modern timber framed construction post 1960 (including space4) with masonry outer skin Stone built or brick and mortar built walls Modern steel frames property with brick or block and rendered walls Modern methods of construction Wimpey No …
Large Panel System construction
Large Panel System construction methods are unacceptable to CHL Mortgages. Related words: prefab, build, tower block, flat, apartment