From: john boyle
Newsgroups: uk.finance
Subject: Re: Q on inheritance tax
Date: Fri, 31 Mar 2006 09:29:09 +0100
In message <49464tFmqjd8U1@individual.net>, Tumbleweed
writes
>Do you get a different interest rate depending upon the value of your house,
No.
>or is the borrowing limited (more likely) to a percentage of the house
>value?
>
Its age related. So the older you are the more you can borrow at the
outset and one lender allows you to draw down monthly as well and this
too is a function of the borrowers age. For joint borrowers it is the
youngest age that is used.
--
John Boyle
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