| View previous topic :: View next topic |
| Author |
Message |
Timus
Joined: 03 Nov 2008
Posts: 1
|
 Posted: Mon Nov 03, 2008 5:42 pm Post subject: Barn conversion mortgage. |
 |
|
Got a barn , with planning, but been unable to sell my house to finance the project. I was planning to wait , but am thinking now I'd rather borrow the money and get on with it. The thought of living in a caravan for the next 5 years really doesnt appeal.
So, I need a barn conversion mortgage. Any ideas on the best place to look? I know absolutely nothing about this, so any advice will be a step in the right direction.
Thanks in advance. |
|
| Back to top |
|
 |
TheDoctor5
Site Admin
Joined: 20 Jan 2009
Posts: 1386
|
| Posted: Tue Jan 20, 2009 9:23 am Post subject: |
|
|
| Last year 64% of the questions asked in our forum were answered within our DIY project pages at www.diydoctor.org.uk/projects.htm The project pages are now separated alphabetically and your answers are accompanied by diagrams and the ability to see, and buy, the tools and/or required to complete your project. Use our search box to look for your answer and save a great deal of time and money! |
|
| Back to top |
|
|
Helen back
Joined: 07 Apr 2009
Posts: 2
|
| Posted: Thu Apr 09, 2009 9:36 am Post subject: Barn conversion mortgage |
|
|
| I would also be interested in finding an answer to this question but I can not find anything relating to it in the projects section. |
|
| Back to top |
|
|
acsimpson
Joined: 18 Jan 2009
Posts: 142
|
| Posted: Sat Apr 11, 2009 8:05 am Post subject: |
|
|
| Try googling "Self Build Mortgage" there's a few lenders out there who do them and even some IFAs who specialise in them. |
|
| Back to top |
|
|
eamesy
Joined: 13 Apr 2009
Posts: 3
|
| Posted: Mon Apr 13, 2009 4:45 pm Post subject: mortgage |
|
|
| Am in a similar situation, barn with full planning, offer accepted, but unable to raise the finance till own house is sold. Have tried many different brokers etc for mortgages, development finance & bridging loans - no success so far, been trying for 2 months now!! Any suggestions gratefully received! :) |
|
| Back to top |
|
|
wws4029
Joined: 14 May 2007
Posts: 17
|
| Posted: Mon Apr 13, 2009 10:43 pm Post subject: |
|
|
Google Accelerator Mortgage.
Advertised as a self build/ renovation/ conversion mortage. Stage payments are also in advance rather than after each stage.
Never used but sounds like a good mortgage |
|
| Back to top |
|
|
acsimpson
Joined: 18 Jan 2009
Posts: 142
|
| Posted: Tue Apr 14, 2009 9:07 am Post subject: |
|
|
Unfortunately as has been widely reported in the press finanace is harder to come by. Is renting your current property an option? If you can rent it and the rental income is more than you pay on any mortgage on it then you may be able to persuade lenders not to take it into consideration. And perhaps even to consider some portion of the rental income as additional income for assessing the new loan.
Of course all lenders are different so you need to find one who agrees before you jump in at the deep end. |
|
| Back to top |
|
|
eamesy
Joined: 13 Apr 2009
Posts: 3
|
| Posted: Mon May 25, 2009 12:03 pm Post subject: barn conversion funding |
|
|
| Started trying to obtain funding for a barn (with planning) 3 months ago, have come across more than one less than honest brokers - keen to take a fee, then not able to provide the funding they suggested they could. Anyone else with similar experience?? Am still looking for funds!! |
|
| Back to top |
|
|
ludmilax
Joined: 16 Jun 2009
Posts: 2
|
| Posted: Fri Jun 19, 2009 7:58 am Post subject: |
|
|
| What reverse mortgage company should I work for? I've been looking into these a lot lately, but I'm having a hard time deciding what company to work with. Anyone work for one - or have a reverse mortgage - that they can recommend? |
|
| Back to top |
|
|
ludmilax
Joined: 16 Jun 2009
Posts: 2
|
| Posted: Fri Jun 19, 2009 8:02 am Post subject: |
|
|
| What reverse mortgage company should I work for? I've been looking into these a lot lately, but I'm having a hard time deciding what company to work with. Anyone work for one - or have a reverse mortgage - that they can recommend? |
|
| Back to top |
|
|
eamesy
Joined: 13 Apr 2009
Posts: 3
|
| Posted: Sat Jun 20, 2009 2:47 pm Post subject: barn mortgage |
|
|
| What's a reverse mortgage?/ |
|
| Back to top |
|
|
|
