Looking to buy run down property

ludwip

Hi,
This is my second thread of how to buy run down house as I received only few replies to the first one.
To explain my situation I have some savings and looking to buy old run down property so I can fully refurbish it. I am builder so it won't be a problem at all.

Does any one know how to get on the property ladder and find what I'm looking for?

Thanks for help

RHemmings

Many of the auction properties I've seen in local (not national) auctions look to be in an appalling state. I'm sure there are similar up and down the country.

Premier_2

I think your previous thread covered both options. Either through an EA or at auction.

There isn't really any other options unless you know someone who wants to sell such a property.

http://forums.moneysavingexpert.com/showthread.html?t=1045341

Doozergirl

I think your question is a bit general. There's no quick answer to 'how do i get on the property ladder'

Could you be a bit more specific? Where do you want to start? How much money do you have saved, have you been to see a mortgage broker to see how much of a mortgage you can afford?

When you're looking, I suggest setting up searches in rightmove for the areas you're looking at and get it to email you results every day. Auction properties often end up on there too.

SquatNow

Wait!

Prices are falling.

The longer you wait the more you save.

david29dpo

Join the Queue. Everyone wants a rundown house to make money on. As said above, look and search and most of all, act fast.

Bungarm2001

No-one on here who actually makes a living at renovating properties is going to give you any advice that is going to jeopardise their income, espeshally in todays current financial climate. Sorry.

niccy

if you are a decent builder, and you really fancy making some money,and don't mind wind and rain , then move up here.
Loads of property to renovate, fairly relaxed planning etc
looking forward to working with you;)

ludwip

I think your question is a bit general. There's no quick answer to 'how do i get on the property ladder'

Could you be a bit more specific? Where do you want to start? How much money do you have saved, have you been to see a mortgage broker to see how much of a mortgage you can afford?

When you're looking, I suggest setting up searches in rightmove for the areas you're looking at and get it to email you results every day. Auction properties often end up on there too.

Thanks for all your posts guys.
I have around £30,000 of savings. I haven't seen mortgage broker yet.
I checked rightmove and like their website.
I am located in High Wycombe Buckinghamshire by the way.
Any more suggestions?

ludwip

if you are a decent builder, and you really fancy making some money,and don't mind wind and rain , then move up here.
Loads of property to renovate, fairly relaxed planning etc
looking forward to working with you;)

Don't quite understand what do you mean?

lynzpower

Thanks for all your posts guys.
I have around £30,000 of savings. I haven't seen mortgage broker yet.
I checked rightmove and like their website.
I am located in High Wycombe Buckinghamshire by the way.
Any more suggestions?

I would see a broker. To be honest with you 30k isnt going to go that far as everyone wants a deposit now, and in Bucks, you dont get a lot for 150k. Especially if you will need that cash for refurbing.

I personally think you wont find what you are looking for yet.