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Using land as collateral

Weebanshee · 2021-03-21 16:31:42

Hi. Hoping to apply for a mortgage next year. I have some land about to come into my name (just a matter of registering it etc) has anyone any advice on using my land/site as part of collateral for a loan for a mortgage? Do I need to hire and architect to draw up plans and if so what are the costs. I’ve no idea where to…

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21-03-2021 5:31pm

#1

Weebanshee

Registered Users Posts: 1 ✭

Join Date: March 2021

Posts: 0

Hi. Hoping to apply for a mortgage next year. I have some land about to come into my name (just a matter of registering it etc) has anyone any advice on using my land/site as part of collateral for a loan for a mortgage? Do I need to hire and architect to draw up plans and if so what are the costs. I’ve no idea where to begin so any advice would be appreciated.

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