Lenders will need to assess the property itself, as well as your personal circumstances. That includes factors such as:
Property age and construction type. As we've seen, quality can be varied, so a lender will need to know when, and by whom, the property was built. Some properties dating back to the 1400s are still in great condition, so building standards are vital to establish. A lender will need a full structural survey to check the timber type and look for any damp signs.
Materials used elsewhere in the property. While the timber-framed needs to be surveyed, the rest of the building is also essential. Most timber-framed properties have a brick or stone cladding, and materials such as metal sheet, plastic or timber can be problematic.
Lender policies - every lender has rules and guidelines about the risk profile they can accept, and what interest rates they offer. It is therefore essential to apply to a lender whose criteria you meet as closely as possible.
Credit rating - if you have a bad credit history, this adds another layer of risk to the application and can cause an issue. Severe credit problems usually mean needing to apply to a specialist bad credit lender.
Deposit - the more considerable the deposit, the lower the risk, and the smaller the Loan to Value ratio. If your deposit is not large enough or the lender wants to mitigate the risk further, they might ask for additional security.