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First Knockback!!
Comments
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And the mortgage company will say NO. This is effectively a 100% mortgage, putting the lender into immediate negative equity in this falling market without the borrower sharing the risk.
Why do you think 100%+ mortgages disappeared?
Not all lenders will say no, a few will accept them, but anybody buying with a 5% gifted deposit will be very restricted as to the lenders they can approach.0 -
Give me strength.0
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anyone know how to make a quick £5000 lol.
rang estate agents last night and that is something they cant do.
im completely new so didnt realise what i was asking but i dont see how its wrong for a seller to up the price of their house if you see where im coming from.
i can now see it would be cheating the books but that was my 1st attempt at getting a house so i hold my hands up and say i did it wrong lol.
so anyways, back to my 1st question, anyone know how to make a quick £5000 LEGIT lol
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Why don't you try saving it, like most of us do?danksybaby wrote: »
so anyways, back to my 1st question, anyone know how to make a quick £5000 LEGIT lol
Saving it, SAVING IT! I want it now :rotfl:Freedom is not worth having if it does not include the freedom to make mistakes.0 -
As Lotus-eater says, try saving it! By the time you've got 10% saved prices will probably have come down anyway.0
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danksybaby wrote: »so anyways, back to my 1st question, anyone know how to make a quick £5000 LEGIT lol
Not quickly.0 -
lol i know to sve save save lol, but im too impatient haha!
will wait couple of months me thinks then see :j0 -
Quick update...its not fraudelent so the seller has accepted my offer to up the price of the house so that once the deposit comes off she is still getting what she wanted. that means that the house is £122000 but i only need the mortgage for £110,000.
it isnt fraudlent as it has already been on the market at £126,000 and she dropped it last month to £115,000
just updating this as a lot of people thought it was fraudelent.0 -
My God I'm completely confused now.
I'm off to buy a house with a bag of apples.0 -
danksybaby wrote: »it isnt fraudlent as it has already been on the market at £126,000 and she dropped it last month to £115,000
.............and the Lenders valuation will be what?
£115,000 ?0
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