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We've got a guy who can hopefully try to sort this for us.
In a way it seems very speculative now, but the auction is early next month and there's actually quite a lot of certainty needed if we're actually to give it some serious consideration.
First step is to find someone who can come with us to the open day and tell us whether it's a shithole that needs stripping down and starting again with, or whether it's rotting away and the roof needs rebuilding.
tbc
@princeperch
Tom you need to speak to a mortgage broker about this as every lender will have slightly different minimum requirements. Some will say it's down to the valuer who goes out on the day (valuers comments) and others will have set criteria. You probably have a mortgage broker already but I have a nice bloke you can speak to as well if needs be.
ETA you also need to be aware of the 6 month mortgage rule, i.e a lot of lenders (but not all) won't let you mortgage a cash purchase until you've owned it for 6 months. Some lenders don't have this criteria but a lot do which is why it's important I guess to speak to a broker so you target the right lender.