We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Buying house owned by a company
amanda47
Posts: 240 Forumite
My son and girlfriend are thinking of buying a company owned house. I know what it means but, is it safe the house is 10yrs old and the last occupants have caused a bit of damage, I don't think its too much, I haven't seen the house myself.
Anything he should know before putting in an offer. Any help much appreciate
Anything he should know before putting in an offer. Any help much appreciate
0
Comments
-
Does the damage make the property unmortgageable? If you mean the company is selling the house for an employee who has been relocated, how long has the company owned it? If under six months again it may not be mortgageableDeclutterbug-in-progress.⭐️⭐️⭐️ ⭐️⭐️0
-
your son is buying a house with your girlfriend????? strange!:)Mortgage overpayment01/05/11 - 31/12/2011£5000/£7000End of 2012 target£84000
-
0
-
Does the damage make the property unmortgageable? If you mean the company is selling the house for an employee who has been relocated, how long has the company owned it? If under six months again it may not be mortgageable
No its still mortgageable. damage seems superficial hopefully. looks like the last occupiers wanted to take everything with them I mean everything.:(
Its a semi- Detached house twelve years old. Last sold in 20020 -
What makes this purchase different?
How does a property being owned by a company alter the process?
Genuine questions.
I can't see why you would behave any differently as a purchaser of a property because the vendor was a body corporate, rather than an individual.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.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.3K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.3K Work, Benefits & Business
- 601.1K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards