95% mortgage workaround

Cat695

if you can easily afford the mortgage repayments on 250k why don't you just wait a few months and SAVE 10k as it wouldn't take you that long??

robin_banks

Cat695 wrote: »

if you can easily afford the mortgage repayments on 250k why don't you just wait a few months and SAVE 10k as it wouldn't take you that long??

Because the OP may well be a troll.

JohnD76

Don't they live under bridges?

VIGILANT22

moneygum wrote: »

No I really don't, that's why I am asking people who know a lot more than me about this on a money expert forum

Consider speaking with an advisor............

fubar4164

Just in case the OP is still reading this thread, it is possible to use a loan as a part deposit for a property. I did this last year with Nationwide as I had a 10% deposit and they wanted a 15% deposit. And yes, I did make it clear where the deposit was coming from and they still agreed the mortgage. Nationwide at the time were looking at affordability of repayments as the deciding factor, and my partner and I could easily afford the repayments and didn't want to put off moving by another 6 months to save the deposit. I don't know if they still use the same criteria.

VIGILANT22

=moneygum;32000607]:rotfl:Why am I thick for looking at ways to bend the rules to secure myself a nice home...?[/QUOTE]

Have you ever considered receiving advice?