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Mortgage query
andyasw
Posts: 7 Forumite
I want to buy a property that has just gone on the market at £345K but I have yet to sell my property. I hope to sell at £320K and have an income of £40K and my present mortgage is £70K. Does anyone have any ideas as to how I can buy prior to any sale of my current house? No adverse credit history or other financial outgoings. I don't want to lose the house for sale and usually would be waiting the sale of my current house but is there a solution??
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Comments
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Bridging loans are intended for this purpose. Expect to pay something in the range of 1-3% of the amount borrowed for a loan for a month or so, plus fees.0
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