Borrowing money on a house bought at auction - Corsa Sport - for Vauxhall and Opel Corsa B, Corsa C and Corsa D

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baza31

Member

Registered: 19th Apr 03
Location: yorkshire
User status: Offline

14th May 12 at 17:47

Is there any way of financing with a mortgage that's been bought at auction? I know there is specialist companies but I know there rates are ott. Thanks in advance

jrsteeve

Member

Registered: 3rd Apr 02
Location: Manchester
User status: Offline

14th May 12 at 20:29

Normal lenders and deals are applicable, just get the AIP (agreement in principle) before you go and instruct the survey as soon as you've won. You should be able to have the financing sorted within 28 days, the solicitor stuff is what can slow it down.

Rob_Quads

Member

Registered: 29th Mar 01
Location: southampton
User status: Offline

14th May 12 at 21:27

Shouldn't really make any difference. All the mortgage company is worried about is that the house is worth it.

The typical issue is when people buy properties without realizing there is something wrong with it like being made out of the wrong materials thus making it suitable to only a cash buyer

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