electricmen@ntlworld.com
Posts:12
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| 08 Aug 2007 05:09:06 |
 Alert
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I am trying to raise money on my house and I have a small mortgage of 75k with a big chunk of 275k of equity left.
I have also tried to raise money on my (unmortgaged £350k value) 4 Apartments plus a Shop Retail unit below them.
It seems that as they have a shop under them, no one is prepared to offer me a mortgage against them, strange!?!
The House re-mortgage has come up with two problems,
i) one is my age being 54yrs they will not lend me more than
a 16yr term, which makes borrowing expensive to say the
least.
ii) The other is I have been self employed all my life and
lots of Mortgage Companies seem to think you are the scum
of the earth, yes they all want to talk and fill out forms
but when it comes down to the nitty gritty, no good!
It's a mine field out there, any help will be very appreciated.
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