Hi, Im aware that the average successful mortgage to buy a site and build, is approved at around 90 % - 92%.
Does anyone know if it is at all possible to get 100% approval (I appreciate the obvious reasons and risks invloved). What if a guarantor was included for the remaining 8% - 10%?
I am enquiring as we wanted to keep the mortgage soley to the property, with an additional loan from CU for furnishings etc only. (joint income of 89K, savings 13k, exisiting loan 20k).
If anyone has any advice or experience of this situation I would appreciate your comments... thanks.
Does anyone know if it is at all possible to get 100% approval (I appreciate the obvious reasons and risks invloved). What if a guarantor was included for the remaining 8% - 10%?
I am enquiring as we wanted to keep the mortgage soley to the property, with an additional loan from CU for furnishings etc only. (joint income of 89K, savings 13k, exisiting loan 20k).
If anyone has any advice or experience of this situation I would appreciate your comments... thanks.