The lending is standard and will be considered in all cases subject to a satisfactory valuation and normal underwriting being met. They say they are aware that some high rise properties in London and other cities are regarded as highly desirable. Whether the mortgage is approved will depend on the surveyors report, property must be highly re-saleable. Also according to Nationwide's lending policy, lifts must be present unless the units are readily saleable without them. The property must be marketable, and condition of surrounding properties and estate will be taken into consideration.
Long leases are favourable.
Never used to lend on flats above 5th floor but this no longer applies. They would encourage anyone applying for mortgage on such property to consider re-saleability. Other concerns are asbestos and types of concrete cancers. As well as that, factors such as location, construction and saleability are taken into account. They are too difficult to re-sell.