Hi there I'm hoping someone can give some advice. We have just bought a property which was on the market for £149,950. however we are buying it at a fab £135,000!
The mortgage advisor has confirmed a mortgage at The Coventry at a very low rate. We are putting down 15% deposit so we thought we were in a great position.
The mortgage company has since gone away taken 2 MONTHS to come back and say they are with holding 5k until we get particular work done on the house, non of which is structural, then they will give back the 5k. Our entire money has gone into the deposit to keep monthly payments down.
Our only option is to get a loan to pay the 5k plus extra to then do the work. Is this a sensible option (even though it seems our only option)
any adice would be great (if only we had rich parents!!!!!)
The mortgage advisor has confirmed a mortgage at The Coventry at a very low rate. We are putting down 15% deposit so we thought we were in a great position.
The mortgage company has since gone away taken 2 MONTHS to come back and say they are with holding 5k until we get particular work done on the house, non of which is structural, then they will give back the 5k. Our entire money has gone into the deposit to keep monthly payments down.
Our only option is to get a loan to pay the 5k plus extra to then do the work. Is this a sensible option (even though it seems our only option)
any adice would be great (if only we had rich parents!!!!!)