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Lenders with no minimum purchase price/valuation?
melj16
Posts: 158 Forumite
Sorry to bring this up again....
I'm trying to find lenders who will lend on a purchase price of £36k deposit of 25% therefore mortgage of £27k.
I have searched all over the net, with no luck!
My broker said the best she could do was £40k min purchase.
I'm also wondering if its possible in the worst case scenario to agree £40k for the purchase price, but for the vendor to pay my conveyancing and solicitors fees, valuation fee, mortgage product fee......Not sure if this is possible?
I'm trying to find lenders who will lend on a purchase price of £36k deposit of 25% therefore mortgage of £27k.
I have searched all over the net, with no luck!
My broker said the best she could do was £40k min purchase.
I'm also wondering if its possible in the worst case scenario to agree £40k for the purchase price, but for the vendor to pay my conveyancing and solicitors fees, valuation fee, mortgage product fee......Not sure if this is possible?
0
Comments
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It is 36k property suitable security for lending?
Why so inexpensive?I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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 -
Once again you fail to mention it is a BTL.
Duplicate thread https://forums.moneysavingexpert.com/discussion/4816457I 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 -
Once again you fail to mention it is a BTL.
Duplicate thread https://forums.moneysavingexpert.com/discussion/4816457
Sorry **embarrassed face** Yes its for BTL
Its in an where properties are just cheap, in County Durham. I live in the next village along and mine too was also cheap.0 -
Find another broker?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
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