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Renting rather than selling?
richie_greenuk
Posts: 90 Forumite
We are beingt messed about by the builder on a homechange plan and are now considering renting our property out and moving to our newly reserved home. The builder can give us 5% deposit but is it likely they would stretch this to the 10% if we can proceed immediately?
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Comments
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Vendor gifted deposits are not being accepted by many mortgage lenders these days.poppy100
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I read somewhere only yesterday that the maximum gifted deposit allowed by a lender now is 5%.0
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We are aware of the restrictions and have means of accessing the additional 5% but in such a bad market, would it be better to hold onto our property and rent out rather than sell?0
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