100% Family assist mortgage

leveller2911

lindsaygalaxy wrote: »

Little bit of background - I am an ex bankrupt. 6 years is up satisfied April next year.

A friend is an agent and found a great 3 bed house that needs some work doing to it. The stairs need swapping around as currently against building regs Everything structural is sound and mostly cosmetic. The sellers want a quick sale due to the fact of a not so nice ending to the previous resident (no one else involved!) but it's putting a lot of people off. Once done up it will be worth £385-£300k. Would be buying it for around £220 - £230k.


Just because the staircase doesn't meet current building regs doesn't mean you need to make it comply. The point is that the staircase would have met the "current" regulations that were in place when it was built so there is no requirement for you to comply to the latest regs now.

Its a small point but may save you some money if you do go on to buy the property.....

lindsaygalaxy

Apparently they weren't built that way, they changed them around at some point in the past! The owners (now owner) is in a care home and her husband did it. She is no longer in a state to be answering questions and the children that are selling it know little about it.

ACG

You might struggle to get a normal mortgage on it then. I would get a surveyor around and ask the question, if not then youwould be throwing money at an application that gets nowhere and so you would have to go down the development/bridging finance anyway.