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help please- 31k loan needed for house

bestyman · 2005-06-15 20:08:17

Hi all, Will try keep this as short as possible. We live in a council house and have applied for right to buy . RTB price 31k house value ( without our improvements) 45k true value is at least 60k. Can only get mortgage at 9.5% as the house is made of concrete and not too many lenders interested , halifax will lend at…

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bestyman Posts: 1,122 Forumite

28 June 2005 at 2:08PM

Thanks for the info but think we are sorted out now.
Out of allll the mortgage companies we tried only 2 would lend on an unrepaired house and the rates were a rip off. 5% above normal mortgage rate and £2,000 fees to set up .
In the end we used HSBC at 6.9% to borrow 25k and are now scraping together the other 6k.No set up fees etc so save a few bob there .
Cheers for all the replies, and its not too late (yet) to tell me NO.
Thanks

On the internet you can be anything you want.It`s strange so many people choose to be rude and stupid.
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