We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
What type of Morgage should I get ?
Spazpeker
Posts: 1 Newbie
Slightly complicated Question but here go's
my goal is to pay the least amount of cost over a 3 year period
I currently have a Mortgage free house in scotland worth Approx £450k
I also Purchased a flat in Edinburgh in my Daughters name with a first charge on the land registry to me
the flat cost £250k and I have spent approx £20k on it and a lot of time and energy worth £270k
I have just had my offer on a building plot accepted and need £200k
I would like to get a intrest only mortgage on my Daughters flat, to fund the land alowing me to sell my property to fund the build when all the plans / warrents are in place
my circumstances dont fit the usual tick boxes, and like everone else i am looking for the option that costs me the least
my goal is to pay the least amount of cost over a 3 year period
I currently have a Mortgage free house in scotland worth Approx £450k
I also Purchased a flat in Edinburgh in my Daughters name with a first charge on the land registry to me
the flat cost £250k and I have spent approx £20k on it and a lot of time and energy worth £270k
I have just had my offer on a building plot accepted and need £200k
I would like to get a intrest only mortgage on my Daughters flat, to fund the land alowing me to sell my property to fund the build when all the plans / warrents are in place
my circumstances dont fit the usual tick boxes, and like everone else i am looking for the option that costs me the least
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards