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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.
Kurai-
Are you able to give any more information on this? I'm intrigued.
...but the property isn't mortgageable because of location of bath
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property isn't mortgageable because of location of bath
pics pls
I'm expecting it to be in the middle kitchen with the consumer unit directly underneath it and wires trailing everywhere.
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Pretty sure the property is mortgageable, I'm just checking with our existing mortgage provider now. But we still may need a bridging loan as our current house may not be completed by the date of the auction.
The thought of bidding for a house on an online auction is giving me the heebies though
Jim/
Howard
Lebowski
Has anyone here bought a house at auction before? I feel like I'm entering a minefield here