What Is an Unmortgageable Property?
An 'unmortgageable' property is generally one that mainstream lenders may be unwilling to lend against because of its condition, construction, legal position or other characteristics.
Possible reasons
This is one part of the wider portfolio picture. Look at the issue alongside your properties, finances, tenancies and objectives rather than treating it in isolation.
Condition
This is one part of the wider portfolio picture. Look at the issue alongside your properties, finances, tenancies and objectives rather than treating it in isolation.
Construction
This is one part of the wider portfolio picture. Look at the issue alongside your properties, finances, tenancies and objectives rather than treating it in isolation.
Legal issues
This is one part of the wider portfolio picture. Look at the issue alongside your properties, finances, tenancies and objectives rather than treating it in isolation.
Buyer pool
This is one part of the wider portfolio picture. Look at the issue alongside your properties, finances, tenancies and objectives rather than treating it in isolation.
Alternative selling routes
The right route depends on what you are trying to achieve, the properties involved and the practical constraints around them. Comparing the available routes before committing can make the decision clearer.
Practical takeaway
The term can cover very different circumstances. Establish the actual barrier rather than assuming the property cannot be sold.
What should you do next?
You do not have to decide before you understand your position. If a portfolio review would help, request a confidential portfolio valuation with no obligation to sell.