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debt consolidation mortgages

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  • 02-02-2007 4:34pm
    #1
    jamjar
    Closed Accounts Posts: 7 ✭


    Hi there,

    Does anybody know if there are any lenders who offer debt consolidation mortgages to first time buyers?

    Thanks a million,

    JJ


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    #2
    Chunkychops
    Closed Accounts Posts: 18 ✭Chunkychops


    Hi Jamjar
    Any lender will look at doing a debt consolidation mortgage but none will lend over 100% of the value of the property you wish to buy. So, unless you are getting a house or site from family at below market price then I don't think debt consolidation will be possible


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    #3
    tHE vAGGABOND
    Registered Users Posts: 6,687 ✭✭✭tHE vAGGABOND


    as a 'first time buyer' you want a loan for debt consolidation [maybe a big ass loan - but a loan none the less]

    If your a first time buyer, that means you dont have a property ATM - so you have nothing to secure the 'debt consolidation mortgage' against?

    Most banks would be very receptive to a request for a debt consolidation loan of most amounts I would think?


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