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Percentages, deposits, nightmares and me...

mark212312 · 2011-02-27 08:44:52

Hi all Looking to do a part ex deal with Bellway for a 5 bed new build and need a bit of advice. We a currently have a repayment mortgage with Barclays and want to increase our borrowing on an interest only basis by 90k. Barclays have told us that in order to get an interest only mortgage of any type we need 150k down and…

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mark212312 Posts: 5 Forumite

27 February 2011 at 2:08PM

Hi Wh05apk

How we want it set up works out around 600pm Repayment max term works out at something like 970pm easy to do once we get rid of the childcare costs but would be a b***ache for the next 2 1/2 years

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Percentages, deposits, nightmares and me...

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