The property must not be:
• Valued below £75,000
• A freehold flat, unless a modern coach house or single property with separate titles (see section 19.11.6)
• A property subject to a flying freehold where this exceeds 25% of the property
• A Farm / small holding where there is land subject to current agricultural use
• A flat in a building with more than 5 storeys (if originally built prior to 2000)
• Flats with deck access are not acceptable, unless access to the deck is controlled and secure and subject to valuer confirmation of suitability
• A flat above a shop or other business premises where the shop directly below or the one either side of directly below is considered to potentially impact on future saleability (e.g. launderettes; fast food outlets). All others considered subject to enhanced mandating, valuer approval, a maximum loan to value of 90% and detailed underwriting rationale
• A property with mixed residential and business use (except in agreed circumstances detailed in 19.11.9, point 4)
• A property with occupancy restrictions (e.g. age, local working or Section 106 restrictions)
• A HMO requiring a mandatory or discretionary licence or is in an area subject to Article 4 control of C4 use
• Mobile Homes
• Landlocked property
• Houseboats
• Property with pre-emption clause in existence
• Park Homes
• Sheltered Accommodation
• Live/work units
• Property with no functional kitchen or bath/shower room
• Property where material environmental hazards are present
• Property where saleability may be adversely affected by local planning matters or by an unsatisfactory mining report
• Property with Planning Use Classes Order other than C3 or C4 (outside of an area subject to Article 4 control of C4 use)
• Property on which there is a local authority grant outstanding
• Property which has shared access where the applicant or a relative controls the property or properties which share the access
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