If i get a 250,000euro mortgage, deposit of 50,000 - can i do an equity reease of 40,000 in 2 months?
Its for a buisness?
Answers:
I have never heard of a bank that will allow equity release on a property within the first 2 years of mortgage., or until 10% of the initial balance is repaid. (that is in the UK) If you are going to need the 40,000 then pay only a 10,000 deposit. Your interest rate will be higher initially, but it will be evened out by the interes you would have paid on the equitable balance.
Good luck
xx
You can do anything you want if you write it into your contract. Talk to a real estate lawyer.
Sorry but Rose is absolutely right .
Please describe a time when you worked with others (e.g. colleagues, clients) to achieve a challenging financi
Receiving money from Israel to UK ?
VAT added to paypal payments?
it's my last week at work should i go in or toss it off for a week?
how to build a steelmill?
I have about £1000 available to save each month, how should i invest my money?
how do you tell a work colleague that he/she smells?
why cant i get a promotion?
Do investments really go up and down?
Answers:
I have never heard of a bank that will allow equity release on a property within the first 2 years of mortgage., or until 10% of the initial balance is repaid. (that is in the UK) If you are going to need the 40,000 then pay only a 10,000 deposit. Your interest rate will be higher initially, but it will be evened out by the interes you would have paid on the equitable balance.
Good luck
xx
You can do anything you want if you write it into your contract. Talk to a real estate lawyer.
Sorry but Rose is absolutely right .
The answers post by the user, for information only, UKQnA.com does not guarantee the right.