Just a quick note, as some advice here is wrong. You'll rarely be able to source a mortgage for an auction property.
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House buying at an auction
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Originally posted by Old Hack View PostJust a quick note, as some advice here is wrong. You'll rarely be able to source a mortgage for an auction property.
I see what you mean as the amount cannot be open ended. However, you would submit the application based on your maximum bid / guide price and would then borrow the required percentage if the bid is succesful. Essentially, it is a case of making sure that you can get a mortgage on the property because once you have exchanged there is no going back unless you can complete with cash.Comment
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Originally posted by Old Hack View PostJust a quick note, as some advice here is wrong. You'll rarely be able to source a mortgage for an auction property.
Bought this yesterday
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Originally posted by Martin@AS Financial View PostHi Old Hack
I see what you mean as the amount cannot be open ended. However, you would submit the application based on your maximum bid / guide price and would then borrow the required percentage if the bid is succesful. Essentially, it is a case of making sure that you can get a mortgage on the property because once you have exchanged there is no going back unless you can complete with cash.
Not a house that size mind you faqqerComment
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Originally posted by Old Hack View PostMany, if not most, auction properties have no kitchen or bathroom, and I was under the belief there are few mortgage peeps out there that would allow you to borrow without on, the other, or both. Love to be wrong, and if so, I may delve into it...
Not a house that size mind you faqqerComment
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Originally posted by TheFaQQer View PostI can only hope that you're wrong there.
Bought this yesterday
Being a church you probably have some sort of right to bill the neighbours for repairs.Always forgive your enemies; nothing annoys them so much.Comment
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Originally posted by vetran View Postseriously? wow you lucky boy. See you on grand designs.
I'm still hoping that Sarah Beeny wants to come and have a good rummage around
Originally posted by vetran View PostBeing a church you probably have some sort of right to bill the neighbours for repairs.Comment
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Originally posted by Bunk View PostWhen do the sermons start at the Church of Faq?
I'm going to start by putting a collection box and a big thermometer outside and ask for contributions to the church roof fund.Comment
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I've seen BTL's for sake here in Dublin, 7 bedrooms, student house, €259,000 yield pa €48,000, seems high that but it's not something I know about!Comment
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