Just came back from the IFA, is this good?

homer_j_3

i didn't say anything about the whole residential v btl thing on the basis that the OP' clearly knew that it was wrong because he said that he didn't want to get into that debate.

regularsaver1

Yeah homer, but his broker knew his intentions and was willing to do it - so its on his brokers head,

homer_j_3

yup I agree. Of course they will deny knowing anything about it when questions get asked. All the paperwork will reflect that it was for their first home as a purchase for them to live in

Gareth83

the bank will get their money, we will get our house.

I'm not on about whether it is morally correct etc. What's the difference in stoozing from credit cards etc?

Back onto topic please

Anyway i have some savings put aside, but our IFA has said that the reduced payments from putting a deposit down wont work out hardly anything less, bearing in mind we are specifically going for an interest only mortgage.

If we were going to buy it ourselves we would of course go for a repayment type deal.

remember our aim is the lowest cost per month in the "first 2 years" only

homer_j
thanks for your advice, I appreciate you are answering what I have asked for as opposed to trying to point out things.