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Property Development Discussions about renovation, modernisation, and otherwise developing a property for sale.

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Old 30-10-2008, 05:23 PM
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Join Date: Oct 2008
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Default Total newbie here
Okay, i am totally new to this enviroment and so I will probably ask questions that all you veterans know, so please forgive me or just give this thread a miss.

I hear of methods to buy property without money down?? is this true? I am looking for renovations to do and have found some flats at lowish price to begin with. What is a recomended % compared to purchase to spend on a renovate.

Is it a case of applying for a 2nd mortgage to purchase this renovation, and would this mortgage include the cost to modernise?

Is there other sources or forums that members would suggest i look at before taking my forts project on.

Currently earn £18,500 per year, but have heard that you can do self certificates?

As I said sorry if questions asked before.

thanks
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Old 09-11-2008, 12:11 PM
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i thought i would have had some replys here, must be on the wrong forum.
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Old 10-11-2008, 10:43 AM
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Join Date: May 2008
Posts: 381
Default Self-certification
"Currently earn £18,500 per year, but have heard that you can do self certificates?"

You mean tell the mortgage provider that you earn £36k, when you don't? I know a mortgage advisor who describes that as 'fraud' ...
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Old 19-12-2008, 03:43 AM
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That is big time fraud.
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Old 07-01-2009, 12:49 PM
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Quote:
Originally Posted by rassman View Post

Currently earn £18,500 per year, but have heard that you can do self certificates?
I'm not sure if there any any self cert mortgages on the market anymore - certainly not ones that lend 100%.
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