Property Types

bond originators
bond originators

TOWNHOUSES

The term “townhouse” has become a bit of a catch-all term to refer to any home that shares a building with other units, particularly if there are no other units above or below, but the true explanation of a townhouse is simple. A townhouse is a home that is attached to adjacent houses. Townhouses, also sometimes called row houses, can be built as single or multi-storied structures.

FLATS

A flat is an apartment and may have a number of rooms for exclusive use of the person living there. A “flat” can also be one unit in a building comprising several contiguous housing units, as long as it’s one or two stories (a “block of flats”).

DUET HOUSES

CLUSTER HOMES

Cluster home is an arrangement where numerous homes are located in a single area with boundaries and fences also. Cluster homes are created in a way that many houses are centred in one single unit which makes space for several owners at the same time.

RESIDENTIAL PROPERTY

SMALLHOLDINGS (Size dependant)

UNACCEPTABLE TYPES OF PROPERTIES FOR RESIDENTIAL LENDING

  • Share Block Scheme
  • Unconventional Construction
  • Timeshare Unit
  • Hotel Suites
  • Prefabricated / Movable Structures
  • Churches
  • Restaurants