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Mortgage for house with subsidence

  • 26-08-2014 10:38am
    #1
    golfdiva
    Registered Users, Registered Users 2 Posts: 222 ✭✭


    Hi All

    Does anyone know if it would be possible to get a mortgage for a buy to let which has subsidence?

    The house needs a bit of work including under pinning, so was just wondering if banks would take issue with this and not lend against it.

    Thanks in advance


Comments

  • #2
    dharma200
    Registered Users, Registered Users 2 Posts: 998 ✭✭✭dharma200


    I am no expert her but the problem is getting insurance, which you need to get morgage. was reading a thread there a while back about houses in cork with subsidence and there was insusurance companies who would insure on it. I would definately talk to a broker or try to google a bit more about it. hths


  • #3
    golfdiva
    Registered Users, Registered Users 2 Posts: 222 ✭✭golfdiva


    I should be able to get insurance but they would exclude subsidence on the policy.

    Maybe this would be an issue to the mortgage provider?


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