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Posted: Fri Nov 14, 2014 12:22 pm
by Ali Mason
Hi

Our 5 year arrangement with Kingsgate ends in December this year, we did have an equity clause but the company looking into for Kingsgate were unable to proceed with it as we didnt meet the lending criteria. As we cannot obtain a re mortgage deal yet, it looks like a 12 month extension.

Bit of a bummer as it means we are 1 year away from re mortgaging and getting back on track but its only 12 payments I suppose!

Ali

Posted: Fri Nov 14, 2014 12:59 pm
by Foggy
Probably cheaper in the long run, Ali.

Posted: Fri Nov 14, 2014 2:56 pm
by bridgey
As Foggy says, almost certainly cheaper in the long run... and in 12 months time you will have ALL of the equity you have worked so hard to get (and keep).

Posted: Fri Nov 14, 2014 5:53 pm
by Struzzo39
well done you on coming this far.

Posted: Sat Nov 15, 2014 10:00 am
by plasticdaft
Well done. 12 months will fly by!!

Paul