Advice please

nigelkc

Ian
Many thanks for the time taken to reply to my post. In essance my question was answered right at the last sentence, "try the Halifax". This was all i was after, a company that would look at all my criteria.

I take everything you said into account and your advise was certainly better than that previously obtained, however, the equity part isn't a debate as this is a problem for ALL house buyers over the next few years. I won't be put off with if's and but's. if i gain or lose money at the end of the day i can at least say "it's my house" and not someone elses, all the pro's and con's will be gained along the way.

Thank you again, but today i learn't that Abbey are willing to give us a mortgage and whether our £135k part goes into negative or not at least i've jumped on the ladder to a property that 6 months ago was worth £249'995 and could be that again in 3-5 years. Only time will tell.

Toughluck

Remember the HA will charge the property as Ian said. If you ever got into difficulty and wanted to borrow money to consolidate or borrow for anything you have to get consent from the HA. It is complicated and personally I would avoid at all costs.

Cat695

what part of this is a bad idea do you not understand......you have been duped by the advertising of these schemes

you have been advised by THREE mortgage advisors this is a bad idea and yet you still ignore the advice.....

If you hold on just 6 months you will be able to buy the same house for alot less......and still get all the carpets and white goods

Most people on here will think you foolish but good luck

(you do realise that if your house goes up as you say it will you will actually owe MORE to the HA??)

I thought these at first sounded good until i did the maths and realised you are BEING RIPPED OFF

Toughluck

Cat, I like it.