A method of house construction. Timber framed properties have traditionally suffered from poor damp-proofing and so this restricts the number of lenders willing to accept them as security.
Method of house construction. Timber framed properties have traditionally suffered from poor damp proofing and this restricts the number of lenders willing to accept them. Modern building techniques have largely removed these difficulties and properties constructed since about 1980 should be acceptable security to most lenders.
Timber framed properties have traditionally often suffered from poor damp-proofing and this may restrict the number of lenders willing to accept them as security. Modern building techniques have largely removed these difficulties and properties constructed since about 1980 should be acceptable security to most lenders.
Timber framed houses have, in the past, been difficult to obtain mortgages on because of the problems of damp and rot affecting many older houses. Today, modern building methods have helped to reduce these problems.
A method of house construction where the major structural components/frame are constructed from wood, rather than brick, stone or concrete. Older properties using this type of construction have traditionally been prone to poor damp proofing, making them a less attractive security for a lender. Consequently, lenders do tend to charge higher interest rates on mortgages for this type of property.
A method of building where no inner cavity wall is constructed. In the past timber framed properties suffered from damp and accordingly some lenders did not view them as secure as other types of property to lend on. More recent building techniques have eradicated such concerns and most lenders find such properties as acceptable for lending purposes.