Thanks!

I have considered the second alternative (with the second mortgage over 25 years), ideally, the loan documents for the second mortgage would provide that there is no interest payable and the principal can be repaid in lump sum or instalments at the borrower’s discretion. I need to contact my bank to make sure they will agree to a second…[Read more]

Thanks so much guys, its good to have an insight as to the type of interest rates and deals people are obtaining.

It appears that a number of people are going for the fixed 3 or 5 years loans, for around the 7% mark. What about the standard variable loans?