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Very Newbie question
riverboat2001
Posts: 476 Forumite
I have an AIP for 250k, if i buy a property for 235k that needs work, is there anyway to add the cost of the work to the mortgage. (90%ltv)
I assume not, but worth asking, as i am interested in two houses, one needs work, but i will get it for less than the "perfect one"
Cheers
I assume not, but worth asking, as i am interested in two houses, one needs work, but i will get it for less than the "perfect one"
Cheers
Was a 40 a day smoker for 20 years.
Decided to give up, and haven't had a fag for 12 years.
Halfway through losing six stone.
Looking forward to early retirement.
Decided to give up, and haven't had a fag for 12 years.
Halfway through losing six stone.
Looking forward to early retirement.
0
Comments
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Nope. You will be loaned 90% of £235k. You fund the 10% deposit and whatever you want to do to the property.Act in haste, repent at leisure.
dunstonh wrote:Its a serious financial transaction and one of the biggest things you will ever buy. So, stop treating it like buying an ipod.0 -
CloudCuckooLand wrote: »Nope. You will be loaned 90% of £235k. You fund the 10% deposit and whatever you want to do to the property.
Thought so, thanks very much.Was a 40 a day smoker for 20 years.
Decided to give up, and haven't had a fag for 12 years.
Halfway through losing six stone.
Looking forward to early retirement.0
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