remortgage to buy shares, allowed or not?

DD4

Voyager2002 wrote: »

So for your plan to make sense, you investment would have to perform well enough to show net growth even after covering your interest charges. Personally I don't think that is likely to happen.

Why not, what shares/funds is the OP investing in?

Wutang_2

DD4 wrote: »

MSE is a savers only website (IMHO), where the majority of people are more concerned with retaining rather than growing wealth. .

Actually I think the majority on this site are trying to warn of a scam (where there isnt one) or sue their insurer/mortgage company for charges they have paid (where they originally agreed to it) or proper know-it-alls (like me).

maninthestreet

johnsmith0774 wrote: »

its not a gambling binge its a long term (over 5 years) investment in the stock market!

It IS gambling, though you might not think it is. You are gambling that the shares you invest in will, over a five year period, increase in value signifcantly enough to make the returns worth the risk to the capital invested. Given that you will have to pay interest on the money borrowed, plus pay capital gains tax at the end of the 5 years when you realise your profit by selling the shares, I think you will find the returns don't justify the risk to your capital and the roof over your head that the capital is secured against.

FraudBuster

Please let us know if you manage to find a lender.

getmore4less

Woolwich/barclays do a nice set of offset products with a mortgage reserve which might be a better option if you plan to trade.

Keep the mortgage on a sentible repayment term as part of the risk management


NOTE: anyone with a pension or S&S ISA or other shares is indirectly doing this, they could be paying off their mortgage