Mortage diposit, how much?

[Nobby the Bastard]

Negative equity is invariably only ever short term.

The odds of you coming out of your deal and finding that you are in negtaive equity because house prices have dropped are mostly negligable and the tests on your income the lenders have to make before they would give you a mortgage are designed to ensure that if you end up witha much higher interest rate you can still afford it.

So, you come out of yoiur deal, end up in negative equity, and end up not getting a new deal and stay on standard rate, which is invariably only a % higher than the deal you were on.

FFS, when my deal ended in 2010 I didn't even look for a new deal because Standard rate was so there was no point and I had the freedom to sell my house whenever I wanted without having to worry about bridging loans etc. I didn't get a new deal intil 2013 when I bought the current one.

The moral of the story is to not to overstretch yourself in the first place.
____________________
trevor saxe-coburg-gotha:"Remember this simple rule - scooters are for men who like to feel the breeze on their huge, flapping cunt lips."
Sprint ST 1050

[A100man]

[SpiritMr89]

[A100man]

[SpiritMr89]