big massive boobies!!!!

[teamonkey]

Are not what this thread is about.

i understand many folks here like to take a punt on folks for a sweat on a game of poker, and are happy enough to dismiss the money that has been lost as long as the horse has played well

Now i have a money related proposition:

I need to borrow about 5k untill Feb next year, where i would be happy to return the money plus say 10%

I need the money to be "gifted" to me, if that is the right expression, as it will be used as part of a house deposit (plus fee payments etc) so a history of a genuine loan would not look good on a mortgage application

I have saved almost 7k since xmas, but due to the nature of my contract at work, i will be getting paid a flat wage until around about november, where my wages will ramp up to the figures that will enable me to repay the "loan" without worrying.

Obviously this is a huge trust situation, and will require a lot of information to be passed back and forth, so if anyone does have that sort of money lieing around under the sofa cushions, and would be willing to help a chap out, please PM me.

Cheers for reading

Mick

[teamonkey]

ok, maybe not massive

but as a good will gesture:

[dwayne110]

Why not just wait til you've saved up £5k by February Mick? Asking a forum of strangers if someone can lend you £5k on a trust basis, with comparisons to 'poker sweats', is a bit of a stretch to put it uber mildy. Audacious request tho, and I love the ducks pic.

[teamonkey]

Saving is one of the options

but if you dont ask, you dont get.

The reason i'm asking is that there have been a couple of ideal homes that have come on the market recently, but have quickly been snapped up. And had i been in the situation where i had the lump sum to hand, i'd have been the one doing the snapping.

I was in two minds about putting this up as a post, on the one hand i have a certain amount of pride, and putting up what is essentially a "begging" thread is not what i want this to look like, but on the other hand you never know if someone is feeling like they want a punt of a different sort, or even to help out a fellow poker player/military veteran* in a time of need

the situation is simple, i can afford a mortgage, but dont have the deposit, however in 10 months or so i'll have more than enough, but by that time the houses i'm looking at will probably be gone


Mick


*please read that with your tongue firmly inserted in your cheek, as that was how it was written

[EvilPie]

10% return for such a high risk won't get you any takers I'm afraid.

The thing with staking is that you can lose the lot or potentially get 100x your money back. There's a large risk but you factor that in to the potential large return.

Dismissing the money as being lost when the potential return was £50k is very different to when it's £500.

Have you looked at other ways of getting the money? Are credit cards an option? There's loads of 0% cards out there that will stick £5k in your bank account for a 1.9% fee. It'll go down on your credit report but shouldn't affect your mortgage application as much as a loan.

[EvilPie]

You might have more chance if you offer to have a £5k charge put against the house in the lenders name by the way. At least that gives them something legal in place to be able to get the money back and makes it much more worthy of a 10% return.

[Karabiner]

You might have more chance if you offer to have a £5k charge put against the house in the lenders name by the way. At least that gives them something legal in place to be able to get the money back and makes it much more worthy of a 10% return.

What first attracted you to this thread?

[pleno1]

il do it for 27.5%

[arbboy]

dont think u will get better than 27.5% i was going to offer 60%.

[titaniumbean]

where are the boobies!?!?

[kinboshi]

where are the boobies!?!?

He posted a photo of a pair of them above.

[millidonk]

Spin it up in the nit thread.

£100-£200-£400-£800-£1600-£3200-£6400

6 winning bets and you are home and dry. Could have the money by next wknd!

[teamonkey]

Just got back into this thread from last night

firstly thanks to the mods for letting it run, i wasnt sure

and thanks for the replies, ranging from bugger off, to other options such as CC (we had already thought about this and are changing our payments from full amount, to minimum a month, which will mean a gain of approx 1.5-2k a month), Plenop offering it at 27.5% , someone else wanting 60%, etc etc

and of course the spin up from the nit brigade!!!

I'd also mentioned to the wife that if we were going to just save save save then maybe we'd be as well taking 2-3 to the casino and putting it on a colour, closing our eyes and spinning, she hesitated for about 2 seconds before saying no, was so close there lol


anyway, just checked my house deposit savings, am at 6751, but pay day tomorow, and with minimum CC payments from now on, will see what that figure turns into v soon

Cheers all

Mick

[Kmac84]

Hi Mate,

I work in mortgage underwriting and its likely that only making the minimum payments on your credit card will have an impact on the sum you can borrow and the different it makes is quite telling.  Have you spoken to a broker or mortgage advisor to see if they can get you a Decision in Principle with the outstanding balance as continuing? 

My advice would be to set up an account with a credit union make a few deposits, stick in as much as you can and take out a loan with them as this does not appear on your credit file.  Make sure also that you pay it back in cash rather than SO from your bank account as standing orders are now queried in affordability calculations by most lenders.  Most credit Unions will let you borrow between 3 - 10 times your savings balance on your first loan as long as you can show you can pay it back and its also done without any credit check.   Obvs don't tell them the loan is to be used as a deposit for a house. 

[teamonkey]

Hi Mate,

I work in mortgage underwriting and its likely that only making the minimum payments on your credit card will have an impact on the sum you can borrow and the different it makes is quite telling.  Have you spoken to a broker or mortgage advisor to see if they can get you a Decision in Principle with the outstanding balance as continuing? 

My advice would be to set up an account with a credit union make a few deposits, stick in as much as you can and take out a loan with them as this does not appear on your credit file.  Make sure also that you pay it back in cash rather than SO from your bank account as standing orders are now queried in affordability calculations by most lenders.  Most credit Unions will let you borrow between 3 - 10 times your savings balance on your first loan as long as you can show you can pay it back and its also done without any credit check.   Obvs don't tell them the loan is to be used as a deposit for a house. 

funnily enough I will be speaking to somone about a very similar thing as of monday. But thank you for your suggestions.  Most appreciated matey.

obviously the min cc payments would have been changed to a reasonable figure as soon as the deposit is large enough, not planning on min paying any longer than required