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rob, Sun 1 Apr 2001, 1:00)
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Those give you well under the market value.Not worth it.
(, Thu 20 Dec 2012, 21:02, 1 reply, 13 years ago)
could he not get a buy to let mortgage, and jut rent the old one out to cover costs until the market becomes more buoyant?
hang on, that is a bit rude.
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Windy Pig I'm naturally quite suspicious about the moon., Thu 20 Dec 2012, 21:05,
Reply)
Do you mean a let to buy mortgage?Possibly, I can recommend some excellent IFAs in his area.
(, Thu 20 Dec 2012, 21:07, Reply)
i'm pretty sure i mean buy to let, or maybe I don't, god knows.
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Windy Pig I'm naturally quite suspicious about the moon., Thu 20 Dec 2012, 21:08,
Reply)
Let to Buy mortgages allow you to use an existing property as security, in place of a deposit.So he would get one on his house, rent it out for a bit and have the mortgage to buy the new one.
A buy to let would be if he had a house already and was buying a property to rent out, as an investment.
Different products for different situations.
(, Thu 20 Dec 2012, 21:11, Reply)
yeah, right, well i mean let to buy.(
Windy Pig I'm naturally quite suspicious about the moon., Thu 20 Dec 2012, 21:12,
Reply)
I don't think he is very receptive to my idea.(
Windy Pig I'm naturally quite suspicious about the moon., Thu 20 Dec 2012, 21:13,
Reply)
I was just trying to be supportive by offering alternatives. (
Windy Pig I'm naturally quite suspicious about the moon., Thu 20 Dec 2012, 21:15,
Reply)
This may be a good ideaCheers
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sporters I’m sincerely gratitude to you, Thu 20 Dec 2012, 21:15,
Reply)
PleaseLooked at a bridging loan but was scared off
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sporters I’m sincerely gratitude to you, Thu 20 Dec 2012, 21:19,
Reply)
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