Property Exclusions
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      1. Knowledge base
      2. Lending Criteria
      3. Property Exclusions

      What properties do you exclude?

      Property exclusions

      • Properties with low demand as a result of location/ condition/ maintenance
      • New build properties that benefit from a Rental Guarantee incentive.
      • Properties with Local Authority approval for uses other than residential
      • Normally Ex Local Authority apartments. This is the case where most units are still being used for social housing
      • Non-traditional construction e.g. timber frame, concrete or any designated defective under the housing act
      • Converted properties where the applicant is resident in a different unit in the building
      • Properties that are subject to any restrictions (occupancy/use/ resale), e.g. Agricultural restrictions
      • Properties subject to adverse notices, mineral extraction, contaminated land, landfill, mining subsidence. Also, properties with Japanese Knotweed excluded
      • Properties located adjacent to an electrical sub-station (small substations will be acceptable subject to valuer’s comments) or communication mast or within 100m of overhead high voltage cables/ pylons
      • Properties held in Trust
      • Right to buy scheme or subject to a pre-emption clause
      • Properties that are, or have been shared ownership
      • Built within the last 10 years without an NHBC certificate or other guarantee acceptable to us
      • Properties with solar panels which are subject to a lease agreement
      • Properties that are adjacent to commercial premises that could materially impact marketability, e.g. Pubs, takeaways and petrol stations. Properties being purchased at under market value
      • Properties being purchased at under market value
      • Grade I & Grade II* listed properties
      • Properties that have cladding and do not have an acceptable cladding fire test certificate
      • Flying freehold greater than 15% of the total property area
      • Freehold Flats
      • Ex-local authority properties with deck access
      • New Build Flats where the ground rent exceeds 0.10% of the property value

      • Properties with a “high risk” of flooding (Please check UK GOV website)

      • Properties with non-standard insurance terms

      • All properties that require an EWS1 (stipulated by valuer) must be Grade A1

      • Properties less than 30sqm

      NB - Purchases involving property clubs or syndicates are excluded.
      NB - Properties which include rental guarantees. (this also includes developments as a whole)