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best mortgage for flipping houses
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andrews2528
Posts: 6 Forumite
Hi, could someone point me in the right direction with regards to which mortgage would be best to buy, renovate then sell properties.
Thanks in advance
Thanks in advance
0
Comments
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Bridging loans.
Typically around 0.7% per month and 2% of the mortgage amount in fees.
Usually go to a maximum of 70-75% LTV depending on whether or not you are paying the interest each month.I am a Mortgage AdviserYou 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.0 -
Commercial finance, if you are a professional property developer.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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