Any ideas if we can move??

keadd

Hi Everyone,

Nearly two years ago me and the mrs moved into our own place. We wasnt earning great money then, and as first time buyers decided to move into a shared ownership property.

I'm happy to stay here for now, but she wants a house!!

Obdviously prices have been all over the place, would i be right in thinking our mortgage is proberably in negative equity now? We own a 40% share.

Is there any way we could move without any deposit, except for our share of the flat? It was a 100% mortgage witht the Woolwich.

Anybody have any ideas?

Thanks!

opinions4u

Show the other half this post:

You need to raise the money for

- a 10% to 15% deposit on the new place
- clearing any negative equity on your 40% share
- the estate agency, HIP and legal fees for selling
- any early repayment charges applying to the exsiting mortgage
- the legal fees, survey fees and mortgage product fees for buying

With this is place, you can move (assuming you have a buyer).

She'll get her own way eventually, they always do , but I think you both need to save quite a lot of money first.

getmore4less

Why not tell her to look into it if she want to move.