Wednesday, August 22, 2012

Guaranteed Rent Income | Housing co-ops: is The Drive dream still alive?

Guaranteed Rent Income | Housing co-ops: is The Drive dream still alive?
http://bit.ly/Mm4mfU
The story so far is that The Drive Housing Co-op paid £620,000 for the detached property in Walthamstow, financed by a 75% mortgage from Ecology building society, topped up with loans from Co-operative Community Finance and the, linked, Co-operative Loan Fund, plus individuals and other housing co-ops. Tricia, 69, says it... - Source You can get special marine mortgages, but to qualify for a loan you are likely to need a deposit of at least 20% of the lender's valuation of the boat – and you'll have to show you can afford the repayments on a loan with a maximum term of 15 years... - Source

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