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mortgage/ development ...finance problem
antiochus66
Posts: 1 Newbie
hi guys..
i have a bit of a problem...
i have a big house with a mortgage with the bank of scotland,the debt is 370k...
it has been valued at 570k....it is in very very poor condition..
i have managed to get planning to convert it into 4 flats,with an end value of
1 million pounds..i have a terrible relationship with my bank and need to look elsewhere..i have 7k of savings and a tiny income at the moment...my earnings last year was 12k...
the cost to convert and stabilise the building is 280 k....
problem with remortgaging via buy to let is it is not liveable condition...
any ideas...or names of companies,that can help
many thanks
alan
i have a bit of a problem...
i have a big house with a mortgage with the bank of scotland,the debt is 370k...
it has been valued at 570k....it is in very very poor condition..
i have managed to get planning to convert it into 4 flats,with an end value of
1 million pounds..i have a terrible relationship with my bank and need to look elsewhere..i have 7k of savings and a tiny income at the moment...my earnings last year was 12k...
the cost to convert and stabilise the building is 280 k....
problem with remortgaging via buy to let is it is not liveable condition...
any ideas...or names of companies,that can help
many thanks
alan
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