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Equity Conversion Mortgage

Shirley Said:

I want to use the equity in my house to pay for a loft conversion, how do I go about this. Is it feasible?

We Answered:

you do not have enough equity. 83/103 = loan to value of 80%. Do not leverage anymore. Save and pay for conversion with cash instead.

add some principal to each loan payment so you can get your loan to value ratio down faster.

Kelly Said:

Effect of Charging Order to remortgaging for equity?

We Answered:

Best to see a solicitor first.

Ben Said:

If No Foreign Investors Would Touch AIG, WaMu or Merrill Lynch, Can Taxpayers Expect a 'Return' from Bailout?

We Answered:

It is preposterous to think the taxpayers will see ANY return from this. If that were the case, don't you think it would have passed by now. If there were money to be made with these toxic assets, we would not now see Wall street blackmailing the law makers and the people.

Daisy Said:

Effect of Charging Order to remortaging for equity?

We Answered:

No, charging order has to be discharged if you dispose of the property ,not before.

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