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2nd Mortgage help required!!!!!Please
united_road_68
Posts: 39 Forumite
Hi
my partner and i have spotted a property we would like to purchase renovate then sell, my challenge is as follows: We both have individual mortgages on our own properties and would like to keep both of these properties on. The ideal is to get a joint mortgage that is very flexible so we could possibly increase and transport to another property once this project is complete, alternately pay the mortgage off with a small redemtion charge.
any suggestion here guys? also where do i stand on captiatl gains tax on the profit from any sale of teh property.
You help is appreciated.
Re
Mac
my partner and i have spotted a property we would like to purchase renovate then sell, my challenge is as follows: We both have individual mortgages on our own properties and would like to keep both of these properties on. The ideal is to get a joint mortgage that is very flexible so we could possibly increase and transport to another property once this project is complete, alternately pay the mortgage off with a small redemtion charge.
any suggestion here guys? also where do i stand on captiatl gains tax on the profit from any sale of teh property.
You help is appreciated.
Re
Mac
0
Comments
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any help out there0
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united_road_68 wrote: »Hi
any suggestion here guys? also where do i stand on captiatl gains tax on the profit from any sale of teh property.
You help is appreciated.
Mac
Yes , don't try and buy it, that way hopefully some FTB ers can buy a HOME...;)0
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