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Right to Buy flat in Towerblock
Comments
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wow...mortgage offer from santander?
tower block or age no problem.
let the good times roll.0 -
So you are considering buying when ypu posted on Christmas Eve. You now have an offer on 27th December?
Have you got a Decision in Principle? If so this is not an offer as nobody has visited the property to value it.I am a Mortgage AdviserYou 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.0 -
We bought our council flat which was on the top floor of a (10 storey) tower block. Our mortgage was with the Abbey National. There was no valuation apart from the manager of the local branch where we had applied coming round to 'have a look'.
He said in his report that he considered there to be a limited resale value.
We paid £15000 in 1989 and sold it for £80000 in 2000."If you think it's expensive to hire a professional to do the job, wait until you hire an amateur." -- Red Adair0 -
We paid £15000 in 1989 and sold it for £80000 in 2000.
You can't compare what happened in 1989 to what is available today.I am a Mortgage AdviserYou 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.0
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