We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Investment needed/advice
Comments
-
Maybe the property isn't mortgageable if it's BMV for a reason. Maybe the intention is to pay it off once the shares have risen 80% again.london21 said:Something seems off about this post. Lots of red flags.
If you genuinely want to go into BTL why not get a mortgage rather than a loan with 25% interest?Dazza23 said:I work full time for the Royal Mail but want to start a buy to let property portfolio. I have a very good verified contact in the BMV property sector so any property purchase would create immediate equity. I am looking for a loan of £60k which I will pay back as a lump sum in 1 year with 25% interest (£75k in total). I have a healthy share portfolio with Hargreaves Lansdown but don’t want to touch this yet as it is going up very quickly (and I can use as collateral).
I have tried for a Lombard loan against my share portfolio but they state that the shares have to be worth a minimum of £500k.
Any advice greatly appreciated on the best way to acquire the loan?Remember the saying: if it looks too good to be true it almost certainly is.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.6K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.7K Work, Benefits & Business
- 603.1K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards