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  1. lizzie

    borrowing $30k at 10% for 10 months

    i know newy is very strong atm ... but i will wait purely for cash reasons. the reserve was around the figure i was prepared to pay - and bidding went strong up to my limit ... then petered into two bidders with $1k and $500 lots until it reached it's final price. man, went for ages! so, to...
  2. lizzie

    borrowing $30k at 10% for 10 months

    now that that one is out of the way, i'm not actively looking until later in the year - unless something spectaclar turns up - due to the exact problem i had on this one, not enough cash in bank. when the timing is right, the right property will arrive - always seems to happen in the past...
  3. lizzie

    borrowing $30k at 10% for 10 months

    it was number 2 on the above list ... went for $45k more than i, or any other pro developer, was prepared to pay so, in a lot of ways happy because the timing for us to buy was not good - but also happy that it went for way over what i was willing to pay as, if it had been only $1-2k more, i...
  4. lizzie

    borrowing $30k at 10% for 10 months

    thanks guys - hoping i've got it covered now.
  5. lizzie

    borrowing $30k at 10% for 10 months

    :D:D - now all i have to do is hope that propertunity doesn't turn up!
  6. lizzie

    borrowing $30k at 10% for 10 months

    on advice from my solicitor - who said he'd fund himself except he's had to taking an extended settlement on his ppor house sale after he bought his new house and hence has bridging finance to content with - he advised i should offer an unregistered mortgage on the property (or property from my...
  7. lizzie

    borrowing $30k at 10% for 10 months

    yes - i am willing to do that! there is a property coming up for auction tomorrow (wednesday 10th) that i am very interested in. the agent has rung practically begging me to attend as his top 4 contenders have pulled out due to finance problems. i have enough for deposit, but it is tied...
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