Hi all, I'm part way through purchasing a flat but we've had a rejection from Nationwide for the mortgage because of "non-standard" construction.
The note that I've managed to get from Nationwide is
"The property is a purpose-built flat of timber frame construction without a masonry outer leaf. This method of construction is considered non-standard".
Should we walk away? We love the flat and intend to stay there for awhile, but don't want a flat that's impossible to sell. The mortgage advisor said "I don’t think the building is ‘so bad’ just trickier to get a mortgage on which in real terms often means it is more difficult to sell". I'm trying to understand just how difficult it'll be.
Does anyone have any experience with this? Thanks for the help!