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Mortgage confusion!
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Thrugelmir wrote: »Not misread at all. Many lenders will expect the deposit to be funded by the potential borrower. Not funded by the borrowing applied for on the existing property. Basic risk management.
Many people built their property empires by leveraging on increased equity values in the boom credit years. Times are changing.
Never come across that nor has Dave, but then we are only brokers doing this on a daily basis.I am a mortgage adviser.You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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