Well, it feels like a very long time since I first started this thread all the way back in mid-February, the day before Valentine's day. Anyway, somehow, and I'm not quite sure how, we got the job done and completed on our new home last Friday. It's been a stressful one, and it took some serious...
It’s a fair question, but I’ve been transparent. They shared their situation, and I said “ok, I THINK I might be able to work quickly, IF I can, would you accept X”. They said yes, I said I’ll get back to them.
Thanks man! Appreciated.
To be honest, I think it's all getting a bit complicated and I probably need to go back to the drawing board. Still, my wife's reaction once I tell her after I said I thought we'd probably be alright is going to be something to behold. :annoyed:
This is kind of the issue. In terms of my regular, earned income, I can't really afford both mortgages at the same-time in the long-term. However, what I have is cash savings that I could use to cover the additional cost until I'm able to settle (or at least drastically reduce) the amount owed...
OK, so we've established that simply not telling the new mortgage provider won't work, which I thought would be the case, I just couldn't work out precisely how the blocker would play out. Now I know, so thanks for that.
My full situation is this. We have seen a house we want to buy, the owner...
Thanks. I think that’s the answer I was looking for. So the solicitor informs the lender that you’re not selling and the lender withdraws the offer - makes sense.
Yeah, the stamp duty thing I’m aware of. Originally I had wanted to keep my current house and let it out, but the stamp duty situation meant that made no financial sense. I believe you have three years to sell the house if you want to claim the higher rate back.
My question is more this. If a...
I have a bit of a question relating to a mortgage application for all you finance buffs out there. Let’s say you have sufficient finance available to fund buying a new property, in the form of a healthy deposit and making up the difference with a mortgage.
Essentially, you don’t need to sell...