You buy at a silly price and come refinance time or if you want a further advance, the bank say you are no longer at your previous LTV , pls bung some money in to bring it up. Can and does happen.
Right - but neither of those are margin calls and could be sensibly avoided by picking a mortgage that does not revert to a very high variable rate.
@NickCJ started
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You buy at a silly price and come refinance time or if you want a further advance, the bank say you are no longer at your previous LTV , pls bung some money in to bring it up. Can and does happen.