NLIC.org

Kyle Said:

Have endowment worth 15k; wish to cash it in & switch to repayment mortgage?

We Answered:

A conversation with a Independent Financial Adviser is your best option. The first meeting is usually free and without obligation. If its in your interest to do so you may be better off selling your policy in the traded endowment markets, you may get a higher price than cashing it in with your endowment company.

Glenda Said:

Can I take out enough student loans to pay for medical school and my mortgage?

We Answered:

That would be one hell of a big student loan. I don't know of any loan program that would cover medical school (pricey as it is) AND house payments. I'd be surprised if you were even approved for a student loan.

Kathleen Said:

Can you borrow more on your mortage to cover solicitor fees, estate agent fees etc?

We Answered:

Banks provide mortgages based on the value of the house you are buying. They don't care what the money is spent on. So, yes, if there's sufficient equity in the house, you can increase the mortgage to cover the fees. But it the mortgage is already at the max, the answer will be no.

No one likes deals to go sour. Talk to everyone involved, and explain your situation. Your lawyers and real estate agents could well be willing to wait for their money in order to avoid the deal falling through.