If i gain a 250,000euro mortgage, deposit of 50,000 - can i do an equity reease of 40,000 contained by 2 months?
Its for a buisness?
Answers:
Sorry but Rose is absolutely right .
You can do anything you want if you write it into your contract. Talk to a indisputable estate lawyer.
I have never heard of a hill 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 within the UK) If you are going to need the 40,000 then compensate only a 10,000 deposit. Your interest rate will be higher initially, but it will be evened out by the interes you would own paid on the equitable balance.
Good luck
xx
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Answers:
Sorry but Rose is absolutely right .
You can do anything you want if you write it into your contract. Talk to a indisputable estate lawyer.
I have never heard of a hill 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 within the UK) If you are going to need the 40,000 then compensate only a 10,000 deposit. Your interest rate will be higher initially, but it will be evened out by the interes you would own paid on the equitable balance.
Good luck
xx
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