Mundic can be found in some properties in Cornwall and Devon. It was used in the making of concrete and can cause serious structural problems for properties.
Mundic is a term that is used to describe a type of building material that was commonly used in the construction of homes in the United Kingdom in the mid-20th century. Mundic is a type of concrete that is made from waste materials, including crushed concrete and industrial by-products. It was originally developed as a low-cost alternative to traditional building materials, such as brick and stone.
However, mundic has been found to be prone to deterioration over time, and can contain harmful substances such as asbestos. As a result, properties constructed with mundic will be more difficult to insure, and less attractive to buyers.
In the context of mortgages, mundic can be a problem for homeowners if their property is constructed with this material as it is classed as a non-standard construction. Lenders may be less likely to offer mortgages on properties constructed with mundic, or may require additional security or a higher deposit in order to offset the risk of lending on such a property. It is important for homeowners to be aware of the potential risks and challenges associated with mundic, and to consider these factors when making decisions about buying, selling, or financing a property.
