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So you tell them you are going to blow it on a trip to europe...

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Rawbaws

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26/04/17

10:35

Post #: 24264048
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Originally posted by anf0 ↑

I've personally never tried to borrow for stocks. But there is a list of things that banks won't lend you money for against your property. For example, I know for fact they won't allow you to use your mortgage to fund a new business you're starting. I know it is also illegal for them to lend to invest in leveraged products (CFD's, FX etc). I am quite sure if you call your bank they won't allow you to borrow to purchase stocks. They'll steer you toward the specific products used for that purpose like I said.

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So you tell them you are going to blow it on a trip to europe and buy stocks instead. Bank could not care less.
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