Forum Replies Created

Viewing 2 posts - 1 through 2 (of 2 total)
  • Profile photo of tomdickersontomdickerson
    Member
    @tomdickerson
    Join Date: 2004
    Post Count: 3
    January 16, 2005 - 8:11 am

    Thanks for that Terry – Much appreciated :)

    Tom D

    Profile photo of tomdickersontomdickerson
    Member
    @tomdickerson
    Join Date: 2004
    Post Count: 3
    November 28, 2004 - 2:28 am

    Thanks Terry,

    What Here is a working example of what I mean.

    I purchase a property at 80k (market rate) with a 10% deposit.
    I renovate the property so that it’s worth 100k. I now have 30% equity in the deal.
    At this point if I was to wrap the property, would lenders (for future mortgages) consider this the same as if I had used a 30% deposit in the first place, based on it’s new value?

    Tom D

Viewing 2 posts - 1 through 2 (of 2 total)