Unacceptable properties for lending

Back to back sub sales 
Where the transaction is a purchase, the property must have been owned for a minimum of six months by the vendor conveying the property to the applicant. 

Flats/Maisonettes 
Must be self-contained with private facilities and have direct access to the highway via covered common parts. 

Unacceptable Property Types 
The following flats are unacceptable property types: 

• Properties with planning/occupancy restrictions 
• Property owned for less than 12 months by the seller 
• Properties with restrictions in place that would affect future resale valuer and whether the property is desirable in a rental market. 
• Properties with more than two kitchens
• Properties with more than four bedrooms 
• Properties with no internal bathroom, kitchen or W.C. 
• Social Housing Shared Ownership/Right to Buy 
• Properties with an internal area of less than 35m2 
• HMO's (Houses of Multiple Occupancy)
• Freehold flats and maisonettes 
• Properties with locks to internal doors 
• MOD flats 
• Two storey properties where one storey comprises a commercial unit 
• Property liable to be subject to clearance or compulsory purchase order 
• Properties (flats) where the landlord is resident in one of the units (Resident landlord)
• Live/work units 
• Properties with cross leases, e.g. Tyneside flats 
• Isolated rural properties with restricted access and services 
• Residential property divided into bed sitting rooms and with no communal areas 
• Studio flats 
• Sheltered accommodation 
• Timeshare accommodation 
• Holiday homes 
• Dwellings of totally timber construction i.e. not clad with brick, stone etc., including log cabin/chalet construction types 
• Partially built property 
• Any property comprising more than one dwelling unit (including properties with granny flats/annexes and properties with a self-contained basement) 
• Properties with the benefit of land with planning permission
• Properties with spray foam insulation / sealed roofs used including those where it was used and subsequently removed
• Office to residential conversion. 

This list is not exhaustive and all property must be supported by the comments of the valuer.