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Advice Short Term Mortgage or Buy to Let

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Comments

  • jaller79
    jaller79 Posts: 24
    Sixth Anniversary 10 Posts
    Forumite
    Thanks for the help people - my predicament is I cannot predict the futrue in the current situation I need some where to live and I maybe able to make a substancial payment to the 2 2nd propery this maybe in 6 moths but could be 5 years before this. Could I however offset the loan and just keep the money in an account.

    Also just been made aware on stampduty on a second home.
  • getmore4less
    getmore4less Posts: 46,882
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Forumite
    Some last year had a mortgage approved then let slip they may short term it got withdrawn.

    You may need a broker to help pick a convent to let friendly lender with flexible(low/no) ERC in the short term.

    If you have other property/mortgage that's an additional complication a broker can help with.

    There are low cost trackers with no ERC offsets give more flexibility.
  • jaller79
    jaller79 Posts: 24
    Sixth Anniversary 10 Posts
    Forumite
    Hi

    Im looking at buying a property at auction - the amount I need 50K only I have 50 deposit

    Ive bought a house before at aucion i know the process its in same road.

    This time however I wish to live in it -

    Any advise please ?

    I tried an unsecured load where can I get 50K in 3 weeks ?

    Thanks

    John
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