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where to get a loan of £100k
Comments
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even if we put 20k upfront? have a perfect credit score, and proof of earnings showing a decent amount?
i do get what your saying tough. obviously if you default on a mortgage they get the asset...
What do you mean, though, by putting "20k upfront"? You are asking for an unsecured loan, there iis no "upfront" payment on this.
To borrow £100k unsecured you will likely need to earn circa £200k per year. If you don't, it's very unlikely that anyone will lend you that much money.0 -
If they move everyone out then they will find your parents another house, if they like that then surely they can see about buying that one?0
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The whole thing is a non starter. No mortgage company will offer a mortgage with even just a sniff of a possible compulsory purchase order on it just around the corner.
And make no mistake, if you know about a possible compulsory purchase, so will those doing a property search."There are not enough superlatives in the English language to describe a 'Princess Coronation' locomotive in full cry. We shall never see their like again". O S Nock0 -
If the houses are knocked down, you parents will be rehoused. If you buy it you will likely get something like 'market price' (as calculated by the council) plus maybe 5% or a few thousands. Which may well not be enough to buy a new place. Why the need to buy anyway?0
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No money lender will lend this sum without security in which to secure the loan against.0
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