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Right to Buy
kirstyrose
Posts: 8 Forumite
We are looking into buying our council property. Just wanted to know people's experiences as we are hoping to buy and then extend straight away as we need the space. So we understand we will have our mortgage, how do we then get the extra monies to fund the extension does this get added to our mortgage? Any help much appreciated!!
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Comments
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Save or get a non secured loan post completion ..much less hassle than trying to add this to the mortgage.Spelling courtesy of the whims of auto correct...
Pet Peeves.... queues, vain people and hypocrites ..not necessarily in that order.0 -
Much cheaper to get a loan for an extension if you can afford it.
Adding it to the mortgagee, you will be paying for it for the whole of the mortgage term which can be expensive but of course, it depends on your finances.
Good luck with it.make the most of it, we are only here for the weekend.
and we will never, ever return.0 -
You will find it difficult to get permission to borrow into the Council's discount, assuming you will need to borrow 100% of the discounted purchase price to actually buy the place.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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