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100% Offset Mortgage?

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  • payless
    payless Posts: 6,957 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Further to your PM for my input ..
    B2L most lenders go to 75 / 80% LTV, a few go a little higher but not as far as 100%

    Not all B2L lenders will accept student let, and even if you say its not for students the lending is often calculated against their projected rental income for a family let

    If you really think proposition is a real goer - and want to proceed , against all the above advice
    Do you own your own property, can you raise a depoiste against it

    although the wealth / health warning would apply - as this is a big risk

    THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
    Any posts on here are for information and discussion purposes only and shouldn't be seen as (financial) advice.
  • Spikey_2
    Spikey_2 Posts: 14,119 Forumite
    Thank you all for all your post and advice...much appreciated.

    Another few questions..... Who does the survey? when? and what kind of survey should we go for? and how much do they cost?

    Spikey
    Use your judgement, and above all, be honest with yourself. :)
    I walk with the world & the world walks with me!
    I don't make bad choices!!! Other people just fail to see my GENIUS !!!! :D
  • Spikey_2
    Spikey_2 Posts: 14,119 Forumite
    Spikey wrote:
    Thank you all for all your post and advice...much appreciated.

    Another few questions..... Who does the survey? when? and what kind of survey should we go for? and how much do they cost?

    Spikey

    Any body know anything about house surveys?

    Spikey
    Use your judgement, and above all, be honest with yourself. :)
    I walk with the world & the world walks with me!
    I don't make bad choices!!! Other people just fail to see my GENIUS !!!! :D
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