Hi,
I am looking to buy property OTP with 10% deposit. My funds are sitting in my stock portfolio, and somehow, I don't think that it is not really the good time to liquidate them.
Beside that I don't have any (property) equity or savings, Sunset Clause mention 18 months in the contract.
Now how can I avail Deposit Bond without putting anything as security. Am I eligible? If yes, any references?
What are the costs involved?
Alternately, I can borrow money as Personal Loan - charging me 9%. Would you advise borrowing money to put it as Deposit Bond? Do I earn interest on Deposit Bond? How much? Is the differential interest expense can be used for tax depreciation?
Thanks in advance,
cheers
v.
I am looking to buy property OTP with 10% deposit. My funds are sitting in my stock portfolio, and somehow, I don't think that it is not really the good time to liquidate them.
Beside that I don't have any (property) equity or savings, Sunset Clause mention 18 months in the contract.
Now how can I avail Deposit Bond without putting anything as security. Am I eligible? If yes, any references?
What are the costs involved?
Alternately, I can borrow money as Personal Loan - charging me 9%. Would you advise borrowing money to put it as Deposit Bond? Do I earn interest on Deposit Bond? How much? Is the differential interest expense can be used for tax depreciation?
Thanks in advance,
cheers
v.