Mortgage for a fixer upper harder to get?

pjread

I nearly bought a repo a while back, I think it came down to there being either no sink in the kitchen or no toilet meant they wouldn't give a 90% LTV to me - but apparently would have been perfectly happy for me to get a 75% LTV on it.

Vendor (being a repo) wasn't interested in spending probably under £100 chucking something in to fulfil the criteria so I had to walk away.

Bit of a shame but I spoke to the agent about a year or so later and apparently they did need to install whatever was missing before they could sell it in the end, because 2 others got finance refused on the house for the same reasons.

I suppose what this means is for lower LTV's it looks like probably less of a problem, at least from what I was told a few years back during that experience.