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Can I get a mortgage for more than the value of the property?


I’m buying a house at a discount from a family member but need funds to renovate itQ My partner and I are first-time buyers. We are looking to buy a house from a family member. The family member has had the house valued at £120,000 but has offered it to us for £70,000 to help us on to the property ladder.The house is in need of a rewire, central heating and new windows, bathroom and kitchen. Continue reading…

Source : theguardian.com
Read more…Can I get a mortgage for more than the value of the property?

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