From 1st July the Council of Mortgage Lenders is integrated into a new trade association, UK Finance. For the time being, all UKF mortgage information will continue to be published on this website, and UKF member-only mortgage information will only be available here.

UK Finance represents around 300 firms in the UK providing credit, banking, markets and payment-related services. The new organisation takes on most of the activities previously carried out by the Asset Based Finance Association, the British Bankers’ Association, the Council of Mortgage Lenders, Financial Fraud Action UK, Payments UK and the UK Cards Association. Please go to www.ukfinance.org.uk for wider content and updates from UK Finance.

This is a very loose term, and covers a wide variety of building styles, some of which are well-established and unlikely to cause lenders to seek additional information. However, some kinds of non-traditional construction (some types of reinforced concrete, for example) have proved problematic, sometimes affecting the structural integrity of buildings.

Lenders will have different policies about which types of non-traditional construction they see as suitable for mortgage purposes. In addition, they will often take account of other factors that might affect the future marketability of the property when deciding whether to lend on a specific property of non-traditional construction.

If you want to buy a property of non-traditional construction, it is sensible to check the usual lending policy of any lender you are considering making an application to. If you are using a broker, they can often help you with this. You should also be prepared for the lender to want additional information including, potentially, specialist reports on any unusual property type.