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Jambo5
Posts: 223 Forumite
Anybody who has seen my previous post will know I'm hopefully after a Mortgage next Summer after previous bad credit....
Is there Mortgages that help you 'do the house up with'?
Thinking about buying a shed of a house and doing it up as I'm a Joiner and could easy do the rest.....
Can any body advice doing it this way?
Is it a good way to keep building money and moving up?
Cheers Jambo5
Is there Mortgages that help you 'do the house up with'?
Thinking about buying a shed of a house and doing it up as I'm a Joiner and could easy do the rest.....
Can any body advice doing it this way?
Is it a good way to keep building money and moving up?
Cheers Jambo5
0
Comments
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No. There isn't.
You'll be able to borrow upto 95% of a property which is suitable security for a mortgage and that's it.
The cost of any essential repairs will be dealt with by retention. That's money held back from the mortgage at purchase, you have to make up by increasing your deposit.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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