is it worth paying £350 for?

bigadaj

OP what is the loan to value on your new house, also are you getting an above expected amount for your house. These two could mean that the valuer/lender isn't happy with the risk of re-selling at the higher price, if you had a large deposit then presumably they wouldn't be bothered as it would be your money at risk and not the banks.

kandg

We are getting the exact amount for our current home to clear the balance on the mortgage. On the new place due to money from another source we have put down a 15% deposit and therefore need 85% mortgage.
I think we have been blinded by the fact we really need to move and after no interest in our property we thought that part ex'ing was a good way out. However, we dont want to pay out and find ourselves in huge amounts of negative equity.
Back the square 1 I think, start to reseach a decent estate agent and forget about this property.....!!

Thrugelmir

kandg wrote: »

We are getting the exact amount for our current home to clear the balance on the mortgage.

On the open market unlikely you would command this price.

Get saving or pay down the mortgage in order to boost your equity .