W
W3indeep
Guest
mortgage outstanding 150
house value 360+
have no debts have 20k savings - salary 26k - rent a room income 5.5k a year
after a career change crisis for want of a better description
i was unemployed for a good portion of last year (7mth) am now in a permanent
employment 7mths
idealy i would like to buy a site (120-150k) to build with a view to
selling my house
with repayments of 700 pm ... an option possibly but doubtful go interest only
on current mortgage + interest only on price of site
similar to a bridging loan
but as things stand I would be looking toward getting a mortgage of 140 to cover
the build after sale
am i going to be looked on very unfavourably by banks
house value 360+
have no debts have 20k savings - salary 26k - rent a room income 5.5k a year
after a career change crisis for want of a better description
i was unemployed for a good portion of last year (7mth) am now in a permanent
employment 7mths
idealy i would like to buy a site (120-150k) to build with a view to
selling my house
with repayments of 700 pm ... an option possibly but doubtful go interest only
on current mortgage + interest only on price of site
similar to a bridging loan
but as things stand I would be looking toward getting a mortgage of 140 to cover
the build after sale
am i going to be looked on very unfavourably by banks