Friday, 23 May 2008

Persimmon - feel the fear!

Persimmon have come up with a raft of 'moving options' which are broadly similar to Redrow's, the main difference appears to be that Redrow will 'pay' your Stamp Duty Land Tax, legal fees and a 5% deposit but Persimmon will, effectively, give you an interest free mortgage on one-quarter of the property.

This still all looks a bit like mortgage fraud to me.

2 comments:

CityUnslicker said...

I think you have a point as regards mortgage fraud;

it could be undeclared income too?? Might the tax man be interested?

Mark Wadsworth said...

No, it's not undeclared income provided it's your home, not a buy-to-let, where it gets a bit tricky.