2006-10-19 06:37:37 · 4 answers · asked by mikeymurray 1 in Business & Finance ➔ Renting & Real Estate
You are probably referring to the Northern Rock Together product which carries a secured and unsecured element, which add up to 125% of the property value. For a property costing £100,000 they will lend you up to £95,000 in the form of a secured loan and a further £30,000 in the form of an unsecured loan at mortgage rate. Obviously the maximum they will lend you depends on your income.
2006-10-19 11:23:33 · answer #1 · answered by nemesis 5 · 0⤊ 0⤋
the only amount that could be unsecured is the $$ over the absolute appraised value. Be careful in doing such a laon as the rate on the second deed of trust will be very high
2006-10-19 06:40:30 · answer #2 · answered by golferwhoworks 7 · 0⤊ 0⤋
Is it a mortgage for more than 100% of the property value?
2006-10-21 05:34:15 · answer #3 · answered by thegodfather 2 · 0⤊ 0⤋
I bet they don't. why would they?
2006-10-19 06:40:09 · answer #4 · answered by Anonymous · 0⤊ 0⤋