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Where to get a drawdown Mortgage from

oh_know

oh_know Posts: 92 Forumite

10 Posts

3 June 2014 at 2:40PM in Mortgages & endowments

Silly question but does anyone know where/who gives drawdown mortgages?
I want to see if i am eligbile to get one as I just talked to my current mortgage provider and they dont do them
(I want to buy a run down place and improve it - possibly knock it down and re build)

cheers
ob

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Comments

kingstreet Posts: 39,183 Forumite

3 June 2014 at 2:51PM

Are you taking about stage payments for a renovation?

In which case, you'll need a renovation specialist lender, probably best via a 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.
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oh_know Posts: 92 Forumite

3 June 2014 at 3:19PM

Thanks I have figured it out now, self build mortgage is what i need. will post a seperate thread now as have a few questions!

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