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Property mortgageable? Type of auction? Mortgage or bridging loan? My purchase isn't through auction, but the property isn't mortgageable because of location of bath, so having to get bridging loan so costing me nearly 6k in interest for something that would cost 2k to rectify...
Check all the extra fees as well. -
We tried to. It was the next-door house - semi to ours - being sold by a housing association, so we knew all about it. Got all the finance in place and went along to the hotel for the auction. Sat through the other lots. Got very nervous.
Our lot came up - thought I'd be smart and let the early bidders duke it out before swooping in at the end.
It went past our top price in about 15 seconds.
Went home.
umop3pisdn
Kurai
villa-ru
@Lebowski
Has anyone here bought a house at auction before? I feel like I'm entering a minefield here