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Offer on repossessed house

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Comments

  • kingstreet
    kingstreet Posts: 39,287 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    2Xtreme_lives wrote: »
    the house has now come with all utilities such as fridge, washing machine oven etc so we are happy to pay more
    Your lender's valuer may not agree with that.
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
  • _s79
    _s79 Posts: 134 Forumite
    I`d be offering ~£90K and finding another lender. Seem crazy to open the bidding at above the asking price on a repo.

    I bought a repo that was on for £128K, I eventually got it for £95K
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