Well after trying lots of brokers I have found it near impossible to finance a house I'm looking at.
It is a large house at lockup stage I can get for 380k, around 80k to finish will be worth at least 700k when finished. I can finish it cheaply as my dad is a licenced builder, I'm a sparky(with experience in renovations), my brothers are plasterers. The house has all certifications up to lock up and comes with plans etc. I have a house that is for sale worth 470k with about 30% equity and 20k cash.
Would a private lender loan against this property or should I just forget about it, I've tried everything and this is my last avenue for finance no one seems willing to even try.
It is a large house at lockup stage I can get for 380k, around 80k to finish will be worth at least 700k when finished. I can finish it cheaply as my dad is a licenced builder, I'm a sparky(with experience in renovations), my brothers are plasterers. The house has all certifications up to lock up and comes with plans etc. I have a house that is for sale worth 470k with about 30% equity and 20k cash.
Would a private lender loan against this property or should I just forget about it, I've tried everything and this is my last avenue for finance no one seems willing to even try.