Mortgages for High Rise Flats

Are you purchasing a flat in a high rise building?
Perhaps an ex-council or right-to-buy flat?

Many lenders do not lend on these, specially flats in buildings over 4 storeys.

However, there are lenders who will lend. Some of the factors that they take into consideration are:
- Location of property
- Total number of storeys in the building
- The floor on wich the property to be purchased is situated
- Total number of flats in the building
- The proportion that are privately owned
- Type of construction of the building
- Does the flat have a deck entrance (ie is the entrance via a common balcony visible from the outside)?
- History of the particular estate (drugs)
- Valuer's comments

Given these complexities, you may wish to seek the assistance of a qualified mortgage adviser who will find lenders that will lend on your particular property.

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THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. CHANGES IN THE EXCHANGE RATE MAY INCREASE THE STERLING EQUIVALENT OF YOUR DEBT.

Please note that Arbor Mortgages is neither a lender nor a mortgage broker. This is an information only website. We provide generic information to help you gain a better general understanding of mortgages. If you would like advice related to your particular circumstances, would like a quotation, or would like to arrange a mortgage, then you can get an authorised mortgage adviser from Trustguard to contact you by completing & submitting this form. We introduce to Trustguard, who are regulated & authorised by the Financial Services Authority (FSA).