You can get pretty close without really trying funky stuff.
£220k @ 1% is ~ £800/month £220k @ 8.5% (some banks have SVR around this) ~ £1,800/month
If he can't remortgage for some reason then he can end up stuck on SVR. It's been happening to a lot of people.
A lender would normally look at job stability. I wonder what the assessment of his future earnings are?
@hugo7 started
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You can get pretty close without really trying funky stuff.
£220k @ 1% is ~ £800/month
£220k @ 8.5% (some banks have SVR around this) ~ £1,800/month
If he can't remortgage for some reason then he can end up stuck on SVR. It's been happening to a lot of people.