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can you put a loan as a second charge on a

Deals_2
Deals_2 Posts: 2,410 Forumite
in Loans
property? rather than have to pay it off straight away?

Comments

  • p00hsticks
    p00hsticks Posts: 14,134 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Do you mean that you would not make any interim payments at all - just pay back the total loan plus interest if and when the property was sold ?
  • Deals_2
    Deals_2 Posts: 2,410 Forumite
    we thought this might be an interim option..
    p00hsticks wrote: »
    Do you mean that you would not make any interim payments at all - just pay back the total loan plus interest if and when the property was sold ?
  • Apples2
    Apples2 Posts: 6,442 Forumite
    So you are looking for an Investor in your property, not a lender?

    Ever tried knitting fog?
  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    No you cannot do this.
    The best option would be an interest only mortgage.
This discussion has been closed.
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