Buying a home outright

[denislawsbackheel]

it never used to be standard practice, although it is now, which is why i said check out the original mortgage offer
it's something the banks have been bringing in to make more money, like the 'arrangement fee', never heard of twenty years ago and now anything up to £2500, the bobbing bastards

best thing to do is not pay off the mortgage
owe them a few quid and don't close the account then they're storing them for you!

Was on my mortgage, taken out in 1990.

 

[denislawsbackheel]

I havent got the best credit in the world, I probably owe about 4k but own my house outright with my brother. I want to buy him out within the next few months. Will I be able to get an equity loan to buy him out?

How old are you?
How much do you earn?
How much do you want to borrow
How much do you spend on booze in a month?
Or going out?
Or holidays?
Can you afford it at 5% interest?
How about 7%?

All questions you can be asked by lenders these days.

 

[squirtyflower]

Was on my mortgage, taken out in 1990.

Funny but it wasn't on mine from 93
Yet they tried to take £180 off me when I moved it elsewhere
Suffice to say they didn't get their money and they also paid me a little bit of compo the robbing twunts
And it also wasn't when I moved it in 99 and again in 2004, but it has been since

 

[Rag-hater]

I think that 4250 pounds would probably pay about 75000 of the mortgage so that seems a good sum to me, and 4250 in your own pocket instead of the taxman has to be good.