where and how can i get this amount within 2 or 3 months.
what's the best legal business, that could make this sort of amount,
i'll do ahything, i'll even work 16/7
please help.
2007-08-24 01:39:01 · 12 answers · asked by usv1_co 1 in Business & Finance ➔ Personal Finance
Hey, if you find out let me know! I think everyone on this site would like to know too!
2007-08-24 01:51:44 · answer #1 · answered by ~Kitana~ 4 · 0⤊ 0⤋
depends on how much the house is and what type of mortgage your after.
but you may be able to take out a mortgage and use an unsecured load within the mortgage as a deposit.
we used £15,000 in our morgage.this will allow you take out a lesser percent in the mortgage eg.. instead of a 100% morgage use and unsecured loan and £15,000 may allow you to take a 90% mortgage there for you get a better morgage rate.
i dont think you can do this on a shared ownership!!!
any way something we did and worked,but as our morgage adviser made clear to us that every person has diffrent circamstances.
good luck...
ps
you might want to re-frase your question as it could seem like you need £20,000 to buy a house and then use the house as a deposit.!!!!
2007-08-24 02:02:48 · answer #2 · answered by Anonymous · 0⤊ 0⤋
THE LOTTERY!
But saying that, you should have been saving from time, thats what the average person in the street does,
You need to bear in mind because of inflation and the cost of houses these days, you may need more than that as a deposit.
2007-08-24 03:34:00 · answer #3 · answered by Rebz 5 · 0⤊ 0⤋
Whilst your credit rating is high, Open 2 or 3 current accounts, get the maximum overdraft that you can get on all 3 current accounts. When you need to put down your 20K raise from your overdraft facility. If you get a bank loan it will show up on your credit rating, and you may lose your house. Then pay back as fast as you can.
I have never done this myself, if pushed maybe.
2007-08-24 20:57:40 · answer #4 · answered by Malik K 2 · 0⤊ 1⤋
Impossible to raise that kinda cash in the timescales you're talking about.
It took me a year to save the £12k I needed for my 10% deposit on my place and that was with a TAKE HOME salary of £35k!
2007-08-24 01:52:11 · answer #5 · answered by Blondie Bear 3 · 0⤊ 0⤋
i do not have the slightest ideal but i did learn something as usual the usa is backwards again instead of saying 16/7 we would say 7/16!!!
2007-08-26 12:09:11 · answer #6 · answered by mister ed 7 · 0⤊ 0⤋
get a mortgage with northern rock. this is what i did and its brilliant. they do a mortgage called a together mortgage where you can borrow up to 120% of the homes value. it is worked out as 90% mortgage and whatever you need as an unsecured loan at the same low rate as your mortgage. look into it x
2007-08-24 01:50:16 · answer #7 · answered by laura m 2 · 2⤊ 0⤋
Heck... if i knew the answer to that i wouldnt be sitting here! Good look with your quest.
2007-08-24 01:46:51 · answer #8 · answered by sweetsue_2k03 5 · 1⤊ 0⤋
where theres blame theres a claim??
I worked my *** off to get my deposit-what are you qualifications? as you will hardly raise it as a shelf stacker..
2007-08-24 05:54:13 · answer #9 · answered by Giggle 2 · 1⤊ 0⤋
Why are you trying to buy a house when you have no money?
2007-08-24 03:29:06 · answer #10 · answered by charterman 6 · 1⤊ 1⤋