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halifax lends if you have an A1+ credit rating, we do not, but over 95% will not lend, and its usually at the descression of the valuer that views it. Well this house is presently a small 2bed semi weatherboarded cottage , so we have planning for a 2 storey extension in block that will make the house about 70% conventional. my mortgage advisor has tried for months and its always a no on the construction of the present house!
thanks for your reply, but we sold our last house to get rid of a large mortgage, and used the equity to buy this house, now we were offered mortgages up to whatever we wanted, then we thought ok what could we buy for cash, so we bought this house , and its only been since trying to get finance on this that we hit this problem, we have spoken to 6 mortgage advisors and they all say no! plus our bank santander the same, hsbc, they do not lend on a 1910 timber frame property across the board! now i am a builder so i can get a bridging loan and rebuild most of it, but they need an exit mortgage when the 9 months of the loan is due, i have the offer, but again it needs to be of mainly conventional construction, so i need the ratio, as i do not want waste time throwing up walls, its money to? so whats the magical ratio? thats waht i need?