We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Best Way Forward
Options
billa_champion
Posts: 226 Forumite
Hi all
I’m looking to upgrade from my 2 bed flat to a 3/4 bedroom house and currently have a fixed rate until Dec 2013. What's the best way to proceed? Is it to secure a mortgage in principle so we know how much we can borrow? Is it to put the flat up for sale first? I'm confused as to the best way so any help would be appreciated.
Bill A
I’m looking to upgrade from my 2 bed flat to a 3/4 bedroom house and currently have a fixed rate until Dec 2013. What's the best way to proceed? Is it to secure a mortgage in principle so we know how much we can borrow? Is it to put the flat up for sale first? I'm confused as to the best way so any help would be appreciated.
Bill A
0
Comments
-
I would recommend getting an agreement in principle to see what you can borrow, and what the costs will be, then get your flat up for sale, and also start looking to get an idea of what is available, until you get an offer on yours though, you are not really in a position to start making firm offers, so until you get an offer, don't set your heart on anything.I am a mortgage adviser.You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.8K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards