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From: Mike .
Up front costs
From: Jonathan
Date: 1/7/00
Time: 9:15:36 AM
I am facing "up front" costs of around 7K (stamp duty, mortgage stamp duty etc). My bank will not advance the money before settlement. Is this the norm ? I do have the cash but I thought anybody could start in property investment if they have equity in their home i.e. they do not need 7K in the bank. I am considering using my interest free period credit card to pay these costs. Any advice would be most welcome.
Up front costs
From: Jonathan
Date: 1/7/00
Time: 9:15:36 AM
I am facing "up front" costs of around 7K (stamp duty, mortgage stamp duty etc). My bank will not advance the money before settlement. Is this the norm ? I do have the cash but I thought anybody could start in property investment if they have equity in their home i.e. they do not need 7K in the bank. I am considering using my interest free period credit card to pay these costs. Any advice would be most welcome.
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