Posted by
Ailsa
17 yrs ago
Can anyone tell me if there is any mortgage provider who will give 95% or 90% on a village house?
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Unlikely on a Village House. 70% max. and this is on what they valuate the property for. Banks are just uncomfortable with risk and lack of historical data on village houses.
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Unlikely = impossible and there is a likely difference of 20% less with the valuation and the asking price.
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cd
17 yrs ago
Speak to your agent, there are ways around it, we were asking about a year ago. I even heard one case of someone that got a 100% mortgage. You can get 90 or 95, we were told but it does depend on the ownership of the land or something. Anyway the agent seemed to know.
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