Despite what people may think, Banks do grant bonds on such buildings. FNB may call for a ‘clearance certificate’ , but if the roof is in good condition, no problems will be encountered on the bonding side with any of the banks.
What is an absolute NO NO for banks is mixed construction. By this I understand they are talking about a building that is not just the normal brick and tile we are all so used to – but has some element of prefab or maybe some part is wood and iron. Sadly there are still some really lovely old period homes in wood and iron, but to close deals on these it has to be a cash transaction.