I am due to complete on a property that I have been waiting some time for... The property was first listed in march 2018 for £200,000. Looking for a quick sale the owner has reduced the price almost monthly till it got to offers over £160k.
I offered £150k and my offer was accepted in august. Looking further I found the property was initially built and sold in 2007 for 155k.
Due to tenant issues I am only now coming to complete on the property this week. The property is in good condition and I will do a quick renovation to bring it up to scratch...
My question is... Could I refinance this with little renovation based on the initial valuation of the property i.e 200k
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