Seen a perfect house.. What do we do?

wannapayoff

2 adults and 1 child

My income: £35000
My debt reducing debt: £8400

DH income: £44,000
DH mortgage left to pay: £80,000
House savings: £4000

House value: £119,950 <--- expect at least 110k

Ideal house on Market for: £190,000

We saw this property today and it's perfect..
A little overwhelmed and unsure if it's possible to; a) get a joint mortgage and b) snap up this dream house before someone else does (not very often this property comes up in well sought after location)!

What do we offer? I once heard most ppl go in for 10% less than price first..

Does current mortgage just get carried over with me added?

What hard costs do we actually need to move? Is it just solicitors fee's and moving van etc? Does everything else get lumped on mortgage?

OR

Do we try for a BTL on our house and take equity to new house? Would this even be possible? And if so possible on our incomes..?

We both have healthy credit ratings.

So many questions..

Any pointers would be very much appreciated!

Thanks

Thrugelmir

You need to sell your existing property first. In the current market place that may take time.

In the meanwhile clear your debts / increase your savings and equity in your current property.

On your joint incomes this shouldn't be an issue if moving house is your primary objective.