Yes, borrowing money to have it promptly evaporate, get burnt,...

  1. 3,702 Posts.
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    Yes, borrowing money to have it promptly evaporate, get burnt, disappear, dwindle or otherwise go missing in a freshly purchased property is not a popular idea. All very well with a rising property market but if it's falling, who cares about another half percent. No point bothering if you will be paying off capital that no longer exists.
 
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