maryanne40
Registered User
- Messages
- 36
I am in the happy position of being able to buy the house I want with cash....however the property does require some renovation and I am unsure whether to sort out the loan for that....about 100k....now or wait until the renovation is going ahead.
As I have just sold my own house and am also organising a will, I am dealing with a solicitor right now so it might be cheaper to organise the loan now too. On the other hand I don't want to be making the repayments on 100k when it could be 6 months before we get going on reburbishment.
It is possible isn't it to arrange a mortgage on a house you own outright? (I have the salary to cover 100k no problem at all) Sorry for stupid questions but it is a long time since I have done this and I am unsure.
As I have just sold my own house and am also organising a will, I am dealing with a solicitor right now so it might be cheaper to organise the loan now too. On the other hand I don't want to be making the repayments on 100k when it could be 6 months before we get going on reburbishment.
It is possible isn't it to arrange a mortgage on a house you own outright? (I have the salary to cover 100k no problem at all) Sorry for stupid questions but it is a long time since I have done this and I am unsure.