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mtagt56

Renovating man, thanks for your extensive reply your tube is appreciated I've done some digging and you're accurate in sense that northern rock may cause an issue with permission to rent something I need to work on if I'm serious with this option. I have this evening obtained some financial advice and person has said either option is doable but best one for us whips be to get part ex with new builder who is offering deals and see if we can negotiate a decent part ex amount. The broker has done us a AIP which we have passed for 214000, we don't want to borrow that about, we are going to speak to bellway say day to see what properties they have and what they will look at pex the AIP is based on 85% ltv, so we have some savings and need to save heard to get rest.

But your advice about waiting and parking debt \ negative equity had not feel on deaf ears as I will think about this and consider both ways before we fully jump.

Thanks everybody for teaching the time

RenovationMan

Good luck, whichever way you choose to go.