20-01-2008, 09:48 PM
|
|
Senior Member
|
|
Join Date: Jan 2008
Posts: 83
|
|
Please be careful FFG...'Cash-Back' on completion can be regarded as fraud. Prior to the sub-prime situation, most banks & mortgage co's have literally turned a blind eye to this practice.
Now the FSA is investigating these kinds of deals and prosecutions are apparently in the wings. This also follows from a clamp down on this in America & Canada recently.
Olly
Quote:
Originally Posted by FinancialFreedomGurus
Hi Andy
There are ways of purchasing a property without needing a deposit so you may not need to sell after all eg:
Gifted Deposits
Private Investors
Residential Mortgage
Unsecured loans
(and one of my favourite where you can actually get cashback on completion (and no its not a cashback mortgage)
Feel free to PM me for further info.
Financial Freedom Gurus
|
|