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Is it possible to get a mortgage or loan against money locked in until July
Thebestmumalive
Posts: 82 Forumite
I've just seen a house I love and I have enough money to buy it cash - however, I have got half of the money tied into a fixed term account until July 2015.
Is it possible to borrow money against that. I don't earn enough to borrow the money on a normal mortgage.
Or is there another way?
Thanks for reading
Is it possible to borrow money against that. I don't earn enough to borrow the money on a normal mortgage.
Or is there another way?
Thanks for reading
0
Comments
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Ask if the vendor is happy to await completion until July.
If they have to find a property and a chain forms, you may find completion is about then anyway.I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.0
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