Hi.
I've been watching an empty house I'd love for months and it's finally on the market. Repossessd being sold via estate agent for £172,000. I'm in Scotland if that's important?
I'm mortgage free :). House worth £210,000. I estimate costs for gutting new house about £50,0000. I'll put this house on market but know it may take months to shift and I need to buy fast if builder Oks new house. I have £80,000 savings but that's it.
Good income so don't think lending will be a problem. Should I mortgage this house or get mortgage for new house? Which type of product best and where from?. I'd hope to pay of all lending as soon as possible when this house sells.
Thanks in advance for any help
I've been watching an empty house I'd love for months and it's finally on the market. Repossessd being sold via estate agent for £172,000. I'm in Scotland if that's important?
I'm mortgage free :). House worth £210,000. I estimate costs for gutting new house about £50,0000. I'll put this house on market but know it may take months to shift and I need to buy fast if builder Oks new house. I have £80,000 savings but that's it.
Good income so don't think lending will be a problem. Should I mortgage this house or get mortgage for new house? Which type of product best and where from?. I'd hope to pay of all lending as soon as possible when this house sells.
Thanks in advance for any help