Originally posted by DBA_bloke
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Contractor mortgage
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Thanks for all the advice,
Think I will start looking around V soon... and hopefully,
I wont speak to a IFA who knows nothing about contracting!..
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Originally posted by zeitghostUm.
Why would one want to borrow more than the value of the property?
I've never understood that one...Comment
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Originally posted by zeitghostWhy would one want to borrow more than the value of the property?Comment
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I have just bought a new house and went with the finacial advisor in the estate agents. They got me a good deal with my current lender that was even better than what i could secure. There were other lenders who was willing even though i have no company accounts yet. If you explain the situation they normally have key contacts with certain lenders and can talk to them first.
They also sorted out the re-mortgage on current property moving it ot a buy to let. Very helpful and cost me nothing. They are commision based.....and before you say i was pushed for the best deal that would bring them the best commision i wasn't as all the deals i could have done myself and even refused a few.
Hope this helps.Thats the way the cookie crumblesComment
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Originally posted by chicane View PostTo buy a spanky new car to sit outside the spanky new house, at a lower interest rate than the car dealership would offer. Such is the nature of rampant modern consumerism.Comment
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Originally posted by King Cnvt View PostGet a 125% mortgage and have instant negative equity. Good plan.Comment
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