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We've seen a house we love - what to do first? Make offer/visit bank/secure sale?
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As a vendor I wouldnt accept an offer from someone with no finance in place.0
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If you don't have an AIP in place then in my opinion you're not in a position to make an offer, unless you know what you can borrow you don't know what you can offer. Visit an independent mortgage advisor (please, please, please do this, you could save yourself a huge amount of money) they'll give you a good idea of your situation and find you the best rates.
The average cost of moving in many areas is around £15,000 so depending on how much it costs you, you may not have a deposit at all for the next house, meaning you may well need to take your mortgage with you and hope you're in a position to borrow more on top. Even if you did have £20,000 for a deposit that probably wouldn't be enough.0 -
PrincessJR wrote: »Hi,
My Husband and I are expecting our first child and looking to move to a bigger house. We have seen a perfect house in a perfect location currently up for offers around £215,000.
Our current home is worth £160,000 and we have a potential buyer - family member - our mortgage balance is £140,000 (so we will have £20k deposit).
How do you know what it's worth?Get to 119lbs! 1/2/09: 135.6lbs 1/5/11: 145.8lbs 30/3/13 150lbs 22/2/14 137lbs 2/6/14 128lbs 29/8/14 124lbs 2/6/17 126lbs
Save £180,000 by 31 Dec 2020! 2011: £54,342 * 2012: £62,200 * 2013: £74,127 * 2014: £84,839 * 2015: £95,207 * 2016: £109,122 * 2017: £121,733 * 2018: £136,565 * 2019: £161,957 * 2020: £197,685
eBay sales - £4,559.89 Cashback - £2,309.730 -
Sell yours for def and have a second viewing.
View a couple of others just to make sure it's not just your nesting instinct doing it.0
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