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mummytofour
mummytofour Posts: 2,636 Forumite
in Mortgages & endowments
Hiya,
This is all ifs,buts and ,maybes...
Our house is a shared ownership house and we had it valued by an agent yesterday at total value of 240k on the open market, so our half is 120k our current mortgage is 70k, so if we got full value we would have 50k.
Just supposing we found a new house before we sold our current home could we get finace? if so what?
I say all this as there might be a house i have in mind which is 200k to buy.


Another question- is there anyway i could keep my current house and rent it out and buy a new house for 200k??
We have a self cert mortgage (in principle) arranged for 160k.
I hope somebody can advise me as i really have no idea at all about all this house buying lark!
Debt free and plan on staying that way!!!!
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