A friend was offered a 110% mortgage but was then withdrawn. The property is a H/E terraced in very good condition. He is getting a discount of 30% from normal price etc.It is in a small development in which a 4 bed was sold in 07 for 170 K (terraced also). Next door was sold approx 9 months past for 100k.
The price he can purchase this property is £55k
Any ideas people.