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Advice re mortgage for an ex local authority high rise flat

bigtired24 · 2008-01-30 20:32:48

My friends son works in London as a trainee tax accountant for Deloitte. He earns £30k per year and his salary will only go one way and thats up. He wants to buy an ex local authority high rise flat (13th floor) in SE16 (Bermondsey). The asking price is £140k and he has a £40k deposit. He is being told that it would be…

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kingstreet Posts: 39,268 Forumite

7 July 2011 at 4:17PM

You might like to read this before considering such a purchase;-

https://forums.moneysavingexpert.com/discussion/3288684

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.
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