kieran56 replied to the topic End Valuation in the forum Finance 17 years, 10 months ago
Bill
All the other guys are correct. The lender will usually lend between 60-70% of the GRV which should enable you to fully fund the project
Kieran56
kieran56 replied to the topic weekly repayments question in the forum Finance 17 years, 10 months ago
Making payments weekly has a greater impact on the loan balance than paying a lump sum because of the way the interest is calculated.
Although you see only one charge for interest be assured the interest is calculated daily on the loan balance and then charged at the end of the month.So you can see by making weekly payments you are reducing the…[Read more]