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Lending criteria

Mundic

Mundic Properties are of concrete block construction, often found in Cornwall and Devon. Concrete deteriorates and in the worst cases the property may need to be demolished. 

If a test is required by the valuer this must be obtained before mortgage offer. 

We consider the gradings as follows:
A -  Acceptable
A/B -  Should be referred to the valuer to check it doesn’t affect his valuation
B and below -  Not acceptable