Hi All,
I hope somebody can answer this question for me please.
Is there a minimum value for a property that you can get a mortgage for?
Reason being there is a house for sale at 70k which needs some work but it is structuraly sound and is habitable.
If it is possible to get a mortgage on a property of that value, would banks still offer a 90% mortgage or would their LTV ratio be higher?
Thanks
I hope somebody can answer this question for me please.
Is there a minimum value for a property that you can get a mortgage for?
Reason being there is a house for sale at 70k which needs some work but it is structuraly sound and is habitable.
If it is possible to get a mortgage on a property of that value, would banks still offer a 90% mortgage or would their LTV ratio be higher?
Thanks