What on earth has happened to this thread???

Only initial advice I can give you is to read, then read some more, and when you’ve finished, don’t forget to read. Oh, and then, before you’re ready, jump into the market with something close to cf+

Hello Anthony, Can I please still this for my blog?

Thanks in advance,

Andrew

Why not cross-collateralise? I have found that it is far easier to get loans approved, get good deals and banks ACTUALLY want to talk to you once you have a large amount to bring to the table. Think about it….

Cross collateralising only becomes an issue if you are trying to offload and you wont re-invest your profit by paying down a loan. Think about your goals….

Congrats on taking the step!!! IF your income is large enough and you can do the numbers favourably for another cf- property, do it now!!!

From my experience, cooling off periods are a waste of time anyway. If you want out, you can always default on ANY building inspection, or possibly on finance through the relative clauses…I PERSONALLY wouldn’t worry about it….you may choose otherwise…

I’ve been following hone prices too….I guess boring at these prices is becoming easier

also, what are people expectations if the grant runs out, (goes back to 10k)? will property die, cause i highly doubt ;s, at the levels im buying at anyway (250,000-270,000)
No, property will not die.

also, if we buy a house, we cant put a 10% can we, because that would have to be our money, is that correct?
No, there are may different types of loan products out there…some 100%, most 80% and some 60%.

also, if we buy somewhere, lets say worth 250,000, and we settle far a 5% deposit, will 30 days be enough time for settlement?
No

also, we get the grant on settlement correct? the bank will provide this if we get?
Yes and no. It will be included in the calculations provided by the solicitor (I think…)

Good Luck….