Bridging Loans - Property Purchase

[MarillionFan]

Net worth dear boy. I never said cash.

[WTFH]

Net worth dear boy. I never said cash.

You didn't say net worth, you said...

As it happens, I now have a million. I set myself a goal and said when i got to it, I'd quit. So I hit it, and didn't quit. I'm not getting anywhere near the 10% you talk off, so if you can show me where I can get that I'd appreciate it.

I've upped my target to 1.23 million as I thought it would be nice to have an extra 230k to play with.

So, even if you meant "net worth", you'd have no problem going to a bank and getting a remortgage - your actual numbers would show that.


But a simpler solution would be just withdrawing some of the capital repayments you have made on a current mortgage. That's what any smart investor would do.

[MrMarkyMark]

Worth a million?

Dead or alive?

[SimonMac]

Worth a million?

Dead or alive?

I worked out I would be worth a lot to my Ex dead, luckily she never worked this out or was to lazy to do anything about it

[MrMarkyMark]

I worked out I would be worth a lot to my Ex dead, luckily she never worked this out or was to lazy to do anything about it

[MarillionFan]

You didn't say net worth, you said...




So, even if you meant "net worth", you'd have no problem going to a bank and getting a remortgage - your actual numbers would show that.


But a simpler solution would be just withdrawing some of the capital repayments you have made on a current mortgage. That's what any smart investor would do.

Already mortgaged up to the hilt dear boy. But I can get a further remortgage, but don't have the time for this deal.

You got to speculate to accumulate.

Anyway, still expecting to get gazumped before the week is out.

[MrMarkyMark]

Already mortgaged up to the hilt dear boy.

In reality, you sound totally broke, net worth or otherwise

[SimonMac]

Already mortgaged up to the hilt dear boy. But I can get a further remortgage, but don't have the time for this deal.

You got to speculate to accumulate.

Anyway, still expecting to get gazumped before the week is out.

You have no equity at all in any of your properties

At least you are not sticking to Interest only mortgages, I hope

[MrMarkyMark]

You have no equity at all in any of your properties

At least you are not sticking to Interest only mortgages, I hope

Maybe he can remortgage against the house of cards he "owns".

[ChimpMaster]

Already mortgaged up to the hilt dear boy. But I can get a further remortgage, but don't have the time for this deal.

You got to speculate to accumulate.

Anyway, still expecting to get gazumped before the week is out.

A dangerous policy, what with the tax changes being phased in over the next 4 years, though there is a tiny glimmer of hope with a Judicial Review of Clause 24 being funded.

I've just used most of my Ltd Co funds to buy a property - director's loan etc.