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Corsa Sport » Message Board » Off Day » House Day » house report more than the fixed price.... » Post Reply
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Rob_Quads |
posted on 21st Apr 10 at 21:08 |
It sort of does work like that really. When you remortgage the rate you get will depend on how much you owe against the value of the house. You might only have put a few K in but if the house value has gone up by 100K then you will have a much lower LTV | |
Limecat |
posted on 19th Apr 10 at 22:32 |
quote: As a minimum. Some places are 15%, others are 25%. Certainly any 'low' (still high comparative to years ago in terms of returns for lenders) are against 25% LTV deals. | |
Nismo |
posted on 19th Apr 10 at 13:56 |
wont work like that you need 10% of what you borrow im afraid. | |
AndyKent |
posted on 18th Apr 10 at 18:03 |
quote: Ah yes, I see. Using the difference in value as part of the deposit. No, definately doesn't work like that. | |
Colin |
posted on 18th Apr 10 at 18:00 |
Doesnt work like that sadly! | |
John |
posted on 18th Apr 10 at 17:51 |
From what I can see he's getting the 3k from 10% of 100k being 10 and the house being 93k, giving him the equivalent of 7k deposit. | |
Ben G |
posted on 18th Apr 10 at 17:43 |
it's based on the purchase price, so you can just put down £9300. | |
AndyKent |
posted on 18th Apr 10 at 17:40 |
Will almost certainly be 10% of purchase price, so you'll need £9300 deposit. | |
deanmcreynolds26 |
posted on 18th Apr 10 at 17:30 |
Right dunno if this has been mentioned before but i think ive already gave myself the answer anyway :lol: |