Mortgage for a Derelict property

What is it worth according to valuation, a bank may lend 70% on it but how will you finance the restoration.
 
Depends too on whether you are just buying it as a site and knocking the building then it's a site mortgage but if you're intending renovating then I imagine you'd need to go with the proposal for the purchase plus renovation costs. There would definitely be a fair old retention on draw down until the building was at least habitable I imagine.
 
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