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big risk or not
Comments
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what percentage is capital gains and over what amount do you have to pay.
May not be capital gains. May be looking more at inheritance tax for my little boy.0 -
"If you HAD to have a secured loan as a condition of the mortgage, then have it for 3 years"
sorry lyndz ,
i dont quite understand what you mean here. Do you mean pay this with the money we save or do you mean instead of having it over 17 years , ask them to lend it over three.
Will this still be cheaper than an unsecured loan.0 -
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Sorry, maybe I was confusing too
Im asking if the deposit for the property you are buying for your mum is the 8k secured loan factored into your opening post.
I was wonderingt if you could get it unsecured it would be way cheaper, and you woudnt need it over all those years you could get it for much shorter amount of time saving yourself a bomb in interest.:beer: Well aint funny how its the little things in life that mean the most? Not where you live, the car you drive or the price tag on your clothes.
Theres no dollar sign on piece of mind
This Ive come to know...
So if you agree have a drink with me, raise your glasses for a toast :beer:0
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