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Equity release
Comments
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I'll be living in it
You don't actually want to sell it?
Are you employed?0 -
Your options are:
1) sell it. Perhaps at auction with a reserve.
2) get a mortgage/loan
3) live in the property whilst you do it up over time.
It's unclear whether you want to sell the property or live in it. What's the ideal situation?
dfMaking my money go further with MSE :j
How much can I save in 2012 challenge
75/1200 :eek:0 -
To answer your question. No you can't pay when you want. A mortgage needs to be paid every month. If you don't pay one month/pay later it may lead to interest and charges and a default on your credit file and ultimately if you continue to fail to pay over a prolonged period then the bank may repossess your house.
You may not even be able to get a mortgage. Are you working? How much do you earn? Is your job stable (ie are you likely to be able to get a mortgage)?
dfMaking my money go further with MSE :j
How much can I save in 2012 challenge
75/1200 :eek:0 -
anonymousx3 wrote: »I'll be living in it
Can it be lived in now?0
This discussion has been closed.
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