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remortgage deposit
leso_2
Posts: 4 Newbie
probably a silly question this but i am about to re mortgage to finance a divorce settlement and the question is will i have to come up with a deposit?
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Comments
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There will probably be an "inherent" deposit in your property - the difference in the loan you require and the equity. (i.e. property worth £150k, loan for £100k "deposit" of £50k)I work for a Mortgage AdviserYou 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.( I have ammeded this signature slightly, as I do not actively provide mortgage advice. However, I support and adhere to the moneysavingexpert mortgage broker code of conduct)0
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