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Exchanging properties
TiggyMrs
Posts: 1 Newbie
I am currently renting out a house to live in and I am also renting out a different house in a differnt area which I own.
My landlord wishes to buy the house I own in return for the property im living in. What would be the best way of dealing with this transaction? Bit scared of applying for mortgage as my credit score isnt good at the mo. Would be grateful for advice.
(property prices the same!)
My landlord wishes to buy the house I own in return for the property im living in. What would be the best way of dealing with this transaction? Bit scared of applying for mortgage as my credit score isnt good at the mo. Would be grateful for advice.
(property prices the same!)
0
Comments
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If you have a mortgage on your present property then you will need a mortgage for the same amount on the new property.
This means the whole idea is a non-starter if you can't get a mortgage, so how you do it wouldn't really come into it..RICHARD WEBSTER
As a retired conveyancing solicitor I believe the information given in the post to be useful assuming any properties concerned are in England/Wales but I accept no liability for it.0 -
Difficult to get the whole picture from your post, but I'm guessing you'll need the advice of a Solicitor to ensure that all the legal stuff is covered when you sign on the dotted line.0
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