We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Bridging Loan or Similar Option
rozcollins
Posts: 1 Newbie
Hi
I am currently living in France with fully paid house (worth about 250,000).
I want to move back to UK (either temporarily or permanent) and am in process of selling this property. I want to buy a house in UK (cheap - only about 100,000). However, ideally I want a house already bought at the same time as selling this.
When I find a buyer for here my plan is to return to UK while buying process is ongoing and look for a house there.
However, if the UK house buy completes before the French sale (I would not start the process of buying in UK until French house sale underway), then I would be in position of no job (yet) in UK and therefore, I guess, no way of obtaining a mortgage to cover the gap.
Is it possible to get a briging load without having a job? If I could prove that the french sale was underway and that the sale would achieve far more than the property I want to buy in UK.
Please, does anyone know?
I am currently living in France with fully paid house (worth about 250,000).
I want to move back to UK (either temporarily or permanent) and am in process of selling this property. I want to buy a house in UK (cheap - only about 100,000). However, ideally I want a house already bought at the same time as selling this.
When I find a buyer for here my plan is to return to UK while buying process is ongoing and look for a house there.
However, if the UK house buy completes before the French sale (I would not start the process of buying in UK until French house sale underway), then I would be in position of no job (yet) in UK and therefore, I guess, no way of obtaining a mortgage to cover the gap.
Is it possible to get a briging load without having a job? If I could prove that the french sale was underway and that the sale would achieve far more than the property I want to buy in UK.
Please, does anyone know?
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.4K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.4K Spending & Discounts
- 245.4K Work, Benefits & Business
- 601.2K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards