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  1. Thread: House deposits?

    by Col
    Replies
    112
    Views
    24,375

    Re: House deposits?

    Toph absolutely nowt personal mate but just my opine regarding endowments ;)

    Never understood the liability by providers for these endowments not maturing at the level expected.

    I had one...
  2. Thread: House deposits?

    by Col
    Replies
    112
    Views
    24,375

    Re: House deposits?

    See renting baffles me totally. OK there are all sorts of arrangements and situations but when you see rents £800 / month or more then in comparison mortgage payments are not much different.

    A...
  3. Thread: House deposits?

    by Col
    Replies
    112
    Views
    24,375

    Re: House deposits?

    Not legal the way you put it but it is the way I put it. It used to be very popular method used by large builders/developers to sell their multitude of houses and provide continued business by way of...
  4. Thread: House deposits?

    by Col
    Replies
    112
    Views
    24,375

    Re: House deposits?

    Don I added to that post to kinda clarify the idea :)
  5. Thread: House deposits?

    by Col
    Replies
    112
    Views
    24,375

    Re: House deposits?

    No Don that is absolutely NOT legal in anyway as Star would confirm as that is mortgage fraud

    Sale price £180k
    Deposit needed £18k
    Mortgage needed £162k

    Sollys/buyers negotiated price...
  6. Thread: House deposits?

    by Col
    Replies
    112
    Views
    24,375

    Re: House deposits?

    Yes Don-in effect the vendor has lost £10k :o in order to sell by 'gifting' this reduction. The buyer would arrange a mortgage of £162k and the seller achieves £170k.The mortgage lender,sollys,...
  7. Thread: House deposits?

    by Col
    Replies
    112
    Views
    24,375

    Re: House deposits?

    Reading SFs original post bizarre as it sounds and like he says 'theoretical' it is possible provided the mortgage provider is aware and the survey valuation is the £180k if it isn't then the value...
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