W
winters
Guest
Hello,
I have agreed to the purchase of a site for 25k which i had intended to purchase for cash ( no loan involved).
I had intended on using this site as the basis for my deposit on a mortgage to build.
I have since decided i would like to purchase a town house asking price 160k and delay building my own home for the time being ( untill final year of planning expiration in 5 years time). However I still wish to purchase this site .
My question is this.
Is it possible for me to get a mortgage say 92% mortgage to cover both the site and the town house. i.e one loan to cover the purchase of the two properties? Has this been done in the past?
ANy helpon this would be appreciated
Regards
I have agreed to the purchase of a site for 25k which i had intended to purchase for cash ( no loan involved).
I had intended on using this site as the basis for my deposit on a mortgage to build.
I have since decided i would like to purchase a town house asking price 160k and delay building my own home for the time being ( untill final year of planning expiration in 5 years time). However I still wish to purchase this site .
My question is this.
Is it possible for me to get a mortgage say 92% mortgage to cover both the site and the town house. i.e one loan to cover the purchase of the two properties? Has this been done in the past?
ANy helpon this would be appreciated
Regards
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