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Buying a repossession - what are the problems ?
Comments
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Have you checked its actually mortgageable in its current state?0
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How do you do that without a survey ?
I am waiting for th EA to come back to me to say that they will either accept my offer, or a reduced price from asking that they WILL accept.
Then I will instruct my surveyor to do the survey.
Is there something else I should do >?0 -
How do you do that without a survey ?
You can 't really, it's down to the individual lenders.
It doesn't sound that bad as to be unmortgageable. You need it watertight, structurally sound with a kitchen and a bathroom for a property to be mortgageable, in principle.Everything that is supposed to be in heaven is already here on earth.
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you need a kitchen ?
as in you need to be able to put a kitchen in, or a fully working kitchen ?
This kitchen is unusable. It needs a total ripout. But all of the plumbing and electrics look ok.
Day 1 needs a very big skip, or maybe get professional house clearers in.0 -
Hi,
Did you get the house in the end, if so at what price as I am in a similar positioon
Thank you0
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