Investor Loan?

[steevg]

Mum passed away in October, and I'm looking for the best way to raise financing for the property.
The following are factors which may be relevant:-

• I'm recently self-employed without any evidence of income
• My wife has a full-time job and has been employed at the same job for over 12 years
• We own a property, the value of which is approximately 1.5 x the value of Mum's property (more than 90% equity)
• Her property is in need of aprox £15,000 or update costs (nothing structural)
• We have no other debts (car loans, excessive credit card bills outstanding etc)
• We are UK citizens
• We have very little to put down for a deposit (£5,000 max)
• Mums property has recently been valued by an agent at £190,000

Any idea's/help regarding raising the finance would be most welcome as this will be our first investment property - if we can find a way to fund it.

May consider working with another investor for a year or two, and then re-financing at the end of that period, with a bank.

Thanks

[GPS]

Hi - you maybe sorted by now.
Have you thought about Bridging Finance, this is a short term loan for Investors (usual over a 12 month period).

We can support with this, if this is something you feel would help you in the short terms.
We offer up to 75% of the value of the property.

Hope this helps.
Many Thanks