interest only loans

G

GJ23

Guest
hi
i am a first time buyer and am interested in getting an interest only loan for as much as possible and for as long as possible. i earn 24000 k basic but with compulsory overtime and bonuses etc etc income out with about 31000k per annum.
can anyone reccomend a broker or bank etc that i can get a good deal possibly with 100% loan if possible.
thanks
gary
 
Are you a first time buyer buying an investment property (here or abroad) as your first purchase or do you mean an owner occupied Principal Private Residence (PPR)? If you do this then you lose your FTB status (with regard to lower rates and higher exemption limits in relation to stamp duty and higher rates of owner occupier mortgage interest relief etc.) for the purposes of buying an owner occupied home later on which might not be a good idea.
 
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