Quizzes & Puzzles1 min ago
Property buying in auction
18 Answers
How does this work?
can anyone go to auction?
can i buy a property via a mortgage at the auction?
do we see the properties that are up for sale?
where do i find out when the auction is going to take place.
Is there a website to help new property developers.
Also...
i already own my own home with my partner, all paid off, but i want to do something along the lines of buying a run down property and doing it out to rent/sell. What kind of loan/mortgage would you recommend, i was thinking first time buyer or buy to let, but what checks do they do?
Please can i have serious answers, no kidding about. thanks in advance.
can anyone go to auction?
can i buy a property via a mortgage at the auction?
do we see the properties that are up for sale?
where do i find out when the auction is going to take place.
Is there a website to help new property developers.
Also...
i already own my own home with my partner, all paid off, but i want to do something along the lines of buying a run down property and doing it out to rent/sell. What kind of loan/mortgage would you recommend, i was thinking first time buyer or buy to let, but what checks do they do?
Please can i have serious answers, no kidding about. thanks in advance.
Answers
Best Answer
No best answer has yet been selected by suzie1. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.I think you need to have the money arranged by the day of the auction. By whatever means, and you pay a deposit on the day.
If you already own a house how can you be a first time buyer?
If you try for a mortgage they will do the normal credit checks but it's risky. They might ask you to use your current house as security.
If you already own a house how can you be a first time buyer?
If you try for a mortgage they will do the normal credit checks but it's risky. They might ask you to use your current house as security.
-- answer removed --
we havnt had a conservatory, or extension or loft converstion or new kitchen, cannot afford it, as for another baby, we are not having another anymore.....and we are geting the garden done at £2000, which i think is fair enough seeing as the garden is massive..and thats our savings. i just like to have an idea of things thats all, hence all the questions about the above, thank u to those who replied to my question in hand, and those who are kidding about, im not going to waste time and react to your childish comments, im sensible and have grown up, i thnk you should do the same!
See here:
http://www.mortgageso...ying_at_auctions.html
Also useful:
http://www.primelocat...-property-at-auction/
and
http://www.bbc.co.uk/...buying_auction1.shtml
Chris
http://www.mortgageso...ying_at_auctions.html
Also useful:
http://www.primelocat...-property-at-auction/
and
http://www.bbc.co.uk/...buying_auction1.shtml
Chris
ummmm, this is answerbank, whether i have money or not, is irrelevant! i ask these questions,because i like to have an idea as to what they would cost, a i am considering having this stuff done sometime in the future, so i like to know what they would cost and places that i can look into etcetcetc..........anyway ummmm, its not your right to ask why i ask such questions, as you are just a user of answerbank like myself, although, if ab editor etc would ask me this then fair enough....so put that in your pipe and smoke it