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(, Sun 1 Apr 2001, 1:00)
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because nobody who needed a mortgage would be able to buy it, as the banks wouldn't lend on it. and you need to have owned for 2 years to be able to extend.
but if you wanted to sell before you can afford to extend, you could always serve your extension notice and then transfer the benefit of the notice to the purchaser. it will be a bit harder but not disastrous!
(, Fri 4 Feb 2011, 10:52, 1 reply, 15 years ago)
although that is a dangerous slippery slope
(, Fri 4 Feb 2011, 10:58, Reply)
I owe £33k more for it than I paid for it ten years ago.
(, Fri 4 Feb 2011, 11:02, Reply)
equity is like having a blank chequebook, it's v dangerous.
there must be something else you can do. how about a temporary part time thing - you can earn quite a lot of money proof reading, for example, and your SPAG is immaculate??
(, Fri 4 Feb 2011, 11:06, Reply)
Did I ever tell you how I came to be so poor?
(, Fri 4 Feb 2011, 11:27, Reply)
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