25% LTV to buy freehold

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anh1904 Posts: 480 Forumite

14 September 2017 at 9:31PM in Mortgages & endowments

Mother lives in house mortgage free, but wants to buy freehold.

Total cost is about 40k

Freehold house would be between 160 to 200

She is on pension

She wants to borrow against the property to buy freehold.

Any suggestions if this is possible and where to start looking?

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25% LTV to buy freehold

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