You are reading a single comment by @Hefty and its replies.
Click here to read the full conversation.
London Fixed Gear and Single-Speed is a community of predominantly fixed gear and single-speed cyclists in and around London, UK.
This site is supported almost exclusively by donations. Please consider donating a small amount regularly.
rive_gauche
@Hefty
At 50% LTV you can have a lovely flexible / offset mortgage where you only pay the interest on the difference between what's in your current account and the loan.
So if you have a house worth £500k with a £250k mortgage and £50k in the linked current account you only pay interest on £200k. If you then need to do the roof you take out the £20k and start paying interest on £220k.
Most lenders do them.
You need to be the restrained type though, else you'll end up with many, many bikes.