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Buying a unfinished house via a repossession

2»

Comments

  • Hashbrown_2
    Hashbrown_2 Posts: 17 Forumite
    jamesd wrote: »
    repo company may be wiling to do that anyway as part of helping the process go more smoothly. Might even give "tell anyone who asks" consent.

    No chance. They're all a pain in the proverbial. You won't get any assistance.

    Just unrealistic time scales and unreasonable grief.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    mistasparkaru wrote: »
    Will any banks lend to me on an unfinished house without sign off?

    No they won't.
  • jamesd
    jamesd Posts: 26,103 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    You need a construction mortgage for this, not a normal residential mortgage. The residential ones require that the place is habitable, including things like working kitchen and bathroom.
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