Chris000

Thanks for SOME half decent advice! The property is in Barnsley, the area itself is not exactly rough but this street and the one opposite is filled with reprobate's who'd probably sell their own nanna for 50p! I've got someone lined up to rent the house. The question I was asking is can I actually get a mortgage for 21000 putting 7000 down? Obviously I havnt got the cash to buy outright. Heard a few people say there is a minimum mortgage amount and 21000 might come under a 'loan' rather than a mortgage. Where the <REMOVED> is Page Hall? Sounds nice. That is all. ---------- Post added 31-07-2014 at 20:35 ---------- Think it's in the 'Oakwell' area or maybe just outside.

Thanks for SOME half decent advice! The property is in Barnsley, the area itself is not exactly rough but this street and the one opposite is filled with reprobate's who'd probably sell their own nanna for 50p! I've got someone lined up to rent the house. The question I was asking is can I actually get a mortgage for 21000 putting 7000 down? Obviously I havnt got the cash to buy outright. Heard a few people say there is a minimum mortgage amount and 21000 might come under a 'loan' rather than a mortgage. Where the <REMOVED> is Page Hall? Sounds nice. That is all.

Hi. I'm just starting out in the world of property investing and wanted to start somewhere basic, then move on to bigger and better things!, I've got my eye on a two bed property through a motivated seller which I could get for £28000 The area is as rough as toast and the cats go around in 3's but the rental demand is high. Assuming I put down 25% [£7000] I'll need to obtain a £21000 mortgage. Is this possible through a bank or broker or would I need to be going somewhere a bit more specialist? Google is giving me no answers! Any advice would be appreciated. Thanks. Chris