House investment

[colm73]

A friend has the option to buy into a housing development as a contractor on the site. The outcome for him would be that he would have a house to sell in return for carrying out work on the estate.
I have been trying to get some info on how to finance this but I am running to a brick wall.
How do the banks regard this - as he is self employed will a mortgage be difficult?

Any advice would be gratefully accepted

Ta folks

 

[Theo]

There are 2 specialist lenders in the Irish market at present that I know of that will consider cases that for one reason or another, are unable to source finance from the mainstraem banks.

One is Start Mortgages and the other is through IFG in association with GE Capital. They do, however, charge premium rates.