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  • Mortgages & Finance

    Minimum Property Value for Mortgage

    Hi

    I have seen a property that I would like to buy however it is available at £34,000. From the research I have done using comparison sites the minimum property value for mortgages seems to be £40,000.

    Does anyone know of any lenders that will lend on properties below £40,000? I would like as high a LTV as possible.

    Thank you

    Rob
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    0
    Most are 40k a few others 35k. None come to mind, you could perhaps release equity from other properties to buy? Or a personal loan.

    Value is too low for it to be profitable for mortgage lenders.
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