Sunday, July 21, 2019

The Ikea Prefabs are Packed and Ready But Who’ll Assemble the Mortgages?

Ikea has revealed plans to build prefabricated homes across swathes of south and southwest England. But while this could help address the shortage of affordable housing, getting a mortgage for one may prove a problem.

That is because most mainstream lenders are reluctant to offer loans for buildings made from so-called non-standard materials — in other words, not bricks.

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