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Part exchange my property

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cstutt
cstutt Posts: 1 Newbie
in House buying, renting & selling
Hi

Does anyone know if I can part-exchange my flat in Edinburgh for say a Barratt home but get a BLT mortgage on it rather than a residential mortage?

Thanks :)

Comments

  • 00ec25
    00ec25 Posts: 9,123 Forumite
    1,000 Posts Combo Breaker
    the 2 issues are not related
    the part exchange would simply determine how much cash money you have to pay Barratt to buy it

    how you fund that payment (mortgage) is irrelevant to the fact you have part exchanged
  • ankspon
    ankspon Posts: 2,371 Forumite
    It depends if it is leasehold or freehold
  • Jeffrey_Shaw
    Jeffrey_Shaw Posts: 512 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    davidhwdn wrote: »
    It depends if it is leasehold or freehold
    Not so much, as it's in Scotland (where leasehold tenure rarely applies).
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