We have sale agreed on a house but its looking like our mortgage wont have come through on time to close the sale. We are lucky through savings and a loan from family to be able to purchase the property with cash. (family will have no charge on the property) It will be bought in mine and my husbands name only) My question is can we then get a mortgage to pay back family and renovate the property. It needs a lot of work
We would like to get a mortgage for the total amount minus deposit. ie. House price 200k Mortgage 160k
We are putting in 130k and a loan of 70k from family. The savings were originally to do up the property
We would like to get a mortgage for the total amount minus deposit. ie. House price 200k Mortgage 160k
We are putting in 130k and a loan of 70k from family. The savings were originally to do up the property
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