A collection of properties from my area that may be hard to secure a mortgage against. Many of these are around the same asking price of easier to mortgage properties.
Here's a few from my area:
10th floor tower block flat, OIEO £120k No price reduction since it was listed on 12.8.17
6th floor tower block flat OIRO £75k In the same block as the one above. More realistically priced than the one above (both have 2 bedrooms) and marketed with the same agent. Even if this one is a mess inside it's still a huge price discrepency compared the previous one.
2nd floor tower block flat, £100k Price dropped from £115k to £100k a few days ago. Another EA still lists this property for £115k as a tenanted property.
run down bungalow with a guide price of £90k I expect it to sell for a lot more at auction on 4.10.17 to a cash buyer with his or work cut out!
Ground floor tower block flat £70k It might be mortgageable as a ground floor flat tbh. In the same block as the first 2. Despite a price drop from £80k to £70k in Nov '16, this one has now spent over a year on the market!
I also wanted to post a link to a run down terraced house but it probably sold before it went to auction.
Do you have any to share ?