I'm a potential first time buyer who has submitted an offer on a repo terraced house. It is going very cheap but it needs around £7,000 in work as it has become quite a mess.
I can get a mortgage for around £60,000 and the house I'm interested in is likely to sell around the £40,000 mark.
Is there any mortgage out there that would allow me to add the extra onto the mortgage in order for me to pay for repairs?
Your advice would be great :beer:
I can get a mortgage for around £60,000 and the house I'm interested in is likely to sell around the £40,000 mark.
Is there any mortgage out there that would allow me to add the extra onto the mortgage in order for me to pay for repairs?
Your advice would be great :beer: