It's a good point Max - and thanks for your reply. I still don't grasp the bank policy... because, as far as I see it, the only risk the bank takes, is the messing about recovering their money by selling my house from under me, if things go wrong ! And if that happens, I suspect they would be pretty ruthless.
I risk my home.... so I risk far far more than them. If I sell my home now, and buy one for 250K, I could pay my mortgage and have enough left over to input the required 50% cash injection... which would delight them.... so I don't see the philosophical difference between that, and them simply lending me the money against the equity in my current home.
Essentially, nearly half of my loan would go on stock, with more on rent, wages, professional fees... which all look a bit intangible - so without lying through my teeth... which woiuld leave me forever worried about instant foreclosure, I don't know what to do.
I filled in a form on moneysupermarket.com earlier... which found a company that, according to the written blurb, would make a loan of up to 100K "for any purpose".
I suspect I could live with 100K by adjusting the phasing of some stocking and some general spend... but I just have a suspicion that, when it comes down to speaking with people at the loan company, that there will be a catch... just like there was with Barclays and LloydsTSB. I'll find out soon!
I'm hoping that someone on this forum has had previous relevant experience.
thanks though max... any other ideas welcome!