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Agreed Brendan that would have been our first choice, but Avant do not do top ups. I actually posted that on a different thread here. Regarding paying off the loan I meant paying off smaller lump sums when I have them in a years time after the building work is done for example. Not paying off...

Well I suppose the reason for the 33k cash plus the 10k shares is for an emergency fund (car breaks down, boiler goes kaput etc) and for any cost overruns on the work we will be getting done on the house. 4K of that 33K is made up of cash on deposit in the CU that I am borrowing the 120K from...

Age: 41 Spouse’s/Partner's age: 41 Annual gross income from employment or profession: 100K Annual gross income spouse: 78K Type of employment: Im employed in semi state wife is employed by foreign multi national. Expenditure pattern: i have approx 33K saved in cash and my wife has approx 10K...

Thinking outside the box here….but, could you contact the vendor who pulled out but said they’d sell in January due to CGT exposure- how much they’d be out of pocket? Could you maybe agree to meet halfway or something on how much they’d be out of pocket so that they’d proceed with sale?

Ah yeah get ya- I’m not suggesting anything ontoward but I was curious about how revenue could actually conduct an audit as there would be no paperwork between homeowner and licensee- but the amount the homeowner gets from licensee should be declared to revenue alright.

Just wondering about the audit trail thing? This would be a licencee agreement so you don’t have to register with RTB or provide a rental contract, record of payments etc as far as I know? So how could revenue audit it?

Yeah but I’m sure that will find its way into mainstream media soon or certain politicians will subtlety advise the HAP tenants that enquire about it. It’s crazy tbh and in now way do I think LL should be out of pocket either.

So taxpayers will be paying landlords where their tenants decide not to pay their share? It’s great that LL won’t be out of pocket but surely this just encourages hap tenants not to bother paying?

Yeah valid points.

Yeah I get ya- but at the same time with commodity prices coming down and interest rates going up should this not lead to lower prices because of lower demand (because of higher interest rates) and lower materials costs (because of lower commodity prices).

Yeah I’m two years into an avant 7 year fixed at 1.95%. So I’m leaning towards just hanging on for two years- saving the 40k and getting it done then.

Hi all, Sorry if this is the wrong thread mods feel free to move. We have been quoted almost 40k to get work done on the house (extend into garage). We were expecting to be able to release some equity with our mortgage provider to cover this but avant don’t offer this which is fair enough-...

I totally understand what you mean but you would also get to see the kids whenever you want as they can come to you quite easily, and save money by not paying rent on top of the mortgage payments? Certainly not a great arrangement but maybe better than living in your parents, not seeing the...

Op, this is just me thinking out of the box and I could be completely wrong- but seen as you are paying the mortgage, could you move back in, apply for PP to build a self contained cabin type building in the garden (assuming you have a garden and space), move into that, then you can see the kids...

So can you just deposit 20k and get interest at 2.25% while it’s sitting in your account and not having to invest it? So no risk? Also how is tax on the 2.25% handled is it subject to DIRT?

Yep they don’t seem to provide the later option unfortunately in my case.

I would be careful about the temperature you heat your water to. As far as I know water should be brought to 60degrees C to get rid of the threat of legionnaires: https://www.hse.gov.uk/healthservices/legionella.htm#

I should have clarified but I’m 16 months into a 7 year fixed with them. They didn’t want to look at equity release- I suppose that’s just the way they are setup which is fine.

There’s also the added benefit of security. Answering (opening the inner door) the door while knowing the outer porch door is locked is great piece of mind. My wife found this great piece of mind on nights when I was on call.

Hi all, Just thought I’d let people know Avant don’t provide mortgage top ups. I’m currently on the seven year fixed and enquired would it be possible to look for a top up/equity release for a house extension (previous mortgage lenders have allowed this) even if they treated the top up at a...