A lot of properties that were once owned by the local council were built after the War during the housing build boom. As a result of the need to build houses quickly and for as cheap as possible, councils would build these houses from various forms of concrete or use timber or steel frames. Due to the age of these properties, some suffer from minor erosion or defects which means a lot of mortgage lenders will refuse to lend against them. However, there are plenty of lenders that will lend on these property types at market leading interest rates. Mortgage Magpie can introduce you to an Expert Adviser that can help get you the best mortgage deal for your ex-council property.
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