What's the best mortgage?

Posted on 13 March 2010 by Dr Vara Ari


Identified plot of land for £100,000. Building cost £154000.  Access to 109000 equity release frim present property. Annual salary £110000.  Plan to build and sell.  Need mortgage variable rate without tie in.

Dr Ari

Depending on your personal circumstances, it should be possible to arrange the finance you are looking for.  I note that you do not want any early repayment charges and should warn you that this may lead to a higher rate of interest than if you accepted a tie in of some sort.

I recommend that you speak to an independent mortgage adviser with experience of commercial lending.

Peter

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