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Interest only or extended repayment term

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  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Sarb87 wrote: »
    I'm really surprised that my partners business doesn't count as an investment, since he has the 33.3% share in the business.

    How would the lender liquidate the share holding to recover it's money. I think that you are clutching at straws in your attempt to move house. Better to focus your efforts on what is achievable than get carried away.
  • Sarb87
    Sarb87 Posts: 9 Forumite
    Thrugelmir wrote: »
    How would the lender liquidate the share holding to recover it's money. I think that you are clutching at straws in your attempt to move house. Better to focus your efforts on what is achievable than get carried away.

    I guess we just hoped there would be a way around this. May have to just sell the house and rent somewhere larger while building my business and income until we can afford to buy again.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Sarb87 wrote: »
    I guess we just hoped there would be a way around this. May have to just sell the house and rent somewhere larger while building my business and income until we can afford to buy again.

    Rent some storage space. Far cheaper than moving house.
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