Gents,
The bank said "No", so enough with the "don't use your stepfather's house" line. It's not an option for him. The reason they said no is easy to understand. He wanted to borrow 100% of the home value. The problem is, home prices aren't going up and if the bank need to foreclose, the legal fees would eat up a big chunk of the value, leaving the bank with a shortfall. Most bank's only allow 80% debt to value and some even less. I think even Northern Rock learned this lesson didn't they?
CrescentPirate,
If you wanted it so bad, you'd take it any way you could get it, including Modular. If you're not just a troll winding people up, then quit whinging about the big mean bank and go get a PPL then see if that doesn't change your gut feeling about things. Impetuousness can be a gut feeling. It usually leads to bad outcomes and it is a terrible character trait for someone bound for a flight deck.
When a tree falls across the road, go over it, around it, push it out of the way or chop it up and discard it. Don't just stay sat in the car discussing the storm that blew it down.
Good luck with the PPL and be glad you don't have to participate in the nauseating Modular vs. Integrated debate.
