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un mortgageable property advice

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  • pfmjude
    started a topic un mortgageable property advice

    un mortgageable property advice

    hi

    I am looking to buy a hose that is un mortgageable due to no bathroom, basic kitchen. Does anyone know where I could look for finance during the first period of work prior to the property being ready for a proper mortgage?

  • Finance 4 Landlords
    replied
    You can also use BMS House to House product for properties that need a lot of work.

    Leave a comment:


  • Becky
    replied
    As Ian correctly says - This is possible, as your make the changes you would be able to change the mortgage.

    Becky


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  • ian wilson
    replied
    Unmortgageable property.

    Hi

    I have just joined the forum and noticed your post.

    I am a mortgage broker and this should not be too difficult.

    You can either bridge( Bridging loan companies tend to lend on bricks and mortar value- you need to get the right one though) and remortgage depending on the amount of time the work takes or there are a couple of lenders who specialise in mortgages for properties that need work.

    Try Buildstore-

    If you need any more help please contact me.

    I would obviously need to know a lot more detail before I could offer any advice/recommendation.


    Regards

    Ian Wilson

    Leave a comment:

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