Been messes around with a 2nd hand house which was ready to move into had mortgage agreed etc. So had to start looking again. I've found this house which is a new build but not completely finished no kitchen no sanitary ware etc and no pc sum. also grounds outside required to be done. 4 bedroom bungalow with prospect of being made into 6 with extra bathroom. Guide price 210k but think I might get it for 190k. would be looking at around 40k to getting it completed altogether. We are classed as first time buyers and was wondering would the bank give us the 190k to buy house plus 50k to do it up? Been agreed for 250k mortgage. Not too sure how it works - would we get 250k but only if that was the purchase price?
Any advice is well appreciated.
Thanks
Any advice is well appreciated.
Thanks