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FrançaisHello, I need some advice please! I have reserved a leaseback property in the Aquitaine region, and am now making my mortgage applications. However, I was under the impression I could borrow 80% of the total value that included VAT, pay 20% deposit, and pay the VAT back when I got the rebate. Now I'm thinking I may be wrong and will have to fund the VAT myself...which will make things a lot trickier!
Any advice on lenders that will do 80% of gross price, and how to contact them much appreciatd.
Thankyou, Hannah
www.NewMortgageFinder.co.uk has 2-3 pages devoted to leaseback mortgages. They can offer rates as low as 2.75% and in some cases 100% interest only loans of the net purchase price, although conditions apply these can be a very good way of keeping the repayments low and taking full advantage of reducing the tax (bill) liability on rental income. Your financial status will need to be very good!! Some times impossibly good to retain the VAT. Give them a call real easy to talk to lots of experience in leasebacks mortgages, there sure to point you in the right direction. Oh, and they are a regulated firm here in the UK, so have the right qualifications to give mortgage advice.
Steve
steve38606.0686342593