What mortgage?

_Milly__2

Does anyone know what type of mortgage is required for developing i.e. buying a property to do up and sell?

Many thanks

worriedindebt

its more often than not done either by releasing equity on an existing property (if you have one) or by using cash.
you can get a mortgage on a property that needs work but you would need to plan your costs to finance the developing/refurbing yourself. the lender would value the property as seen at time of purchase and lend accordingly.
any improvements should be built into your costs and ideally set aside so that once you have purchased the property you have free cash to do the place up.