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:-
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
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
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