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Posted on: 05th Dec, 2013 11:23 pm
Hello there... At present, I am living with my parents and want to buy a house. I have 2500 in debt and 1000 in savings. My grandmother's property is up for sale for just 45000. Will I be able to buy that property? What type of loan should I look out for?
Hi Guest,

It will be difficult for you to get a lender who will offer you such a small amount of loan. You might have to speak to the local private property lenders and check out if they can help you in getting the loan.

Take care
Posted on: 06th Dec, 2013 01:22 am
Welcome Guest,

I agree with what Sara has said. The type of loan that you will take out will be completely your discretion. You may consider going for fixed rate mortgage.
Posted on: 08th Dec, 2013 08:06 pm
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