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Moving house when unemployed?
ferry
Posts: 2,014 Forumite
I was made redundant a couple of months ago in the middle of searching for a new home.
We've put moving off now due to this but I still keep in touch with the market and now our ideal place has come on sale.
As i am jobless at the moment would this mean its impossible to move?
There should'nt be any addtional borrowing as its a like for like transaction in money terms and I can meet the moving costs with my own savings...
What do I need to consider though in this situation?
Thanks for any advice
F.
We've put moving off now due to this but I still keep in touch with the market and now our ideal place has come on sale.
As i am jobless at the moment would this mean its impossible to move?
There should'nt be any addtional borrowing as its a like for like transaction in money terms and I can meet the moving costs with my own savings...
What do I need to consider though in this situation?
Thanks for any advice
F.
:j
0
Comments
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Buying or renting?0
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If you're mortgaged and the mortgage company won't port your mortgage to the new property, you're going to have to apply for a new one. That could be an issue if you're unemployed. If you're just renting, there is nothing to consider.0
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Thanks -so the only real issue could be the portability of my mortgage?:j0
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You may be able to port your existing mortgage, you'd have to chat to the lender.0
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