brehon6789
Registered User
- Messages
- 42
Hi All
I'm looking at releasing funds in my house to invest in other things i.e. Stock market, loan to a fmaily member.
My mortgage is with the EBS and what i want to do is release 20k. i have a mortgage of 200k and the property is worth 350k.
When filling out the form i told them i wanted the money for an extension on the house as if i had of told them what i really wanted it for they would have turned me down. They have now asked me for building estimates etc... I plan to supply them with a building estimate.
How would they find out whether i have built the extension or not? Is what i am doing totally illegal?
What if i say my intention was to build an extension and then change my mind at the last minute?
Thanks
Brehon
I'm looking at releasing funds in my house to invest in other things i.e. Stock market, loan to a fmaily member.
My mortgage is with the EBS and what i want to do is release 20k. i have a mortgage of 200k and the property is worth 350k.
When filling out the form i told them i wanted the money for an extension on the house as if i had of told them what i really wanted it for they would have turned me down. They have now asked me for building estimates etc... I plan to supply them with a building estimate.
How would they find out whether i have built the extension or not? Is what i am doing totally illegal?
What if i say my intention was to build an extension and then change my mind at the last minute?
Thanks
Brehon