Shortfall in funds

Shertur_2

Hi. My mother passed away in March and I am very shortly receiving the first part of my inheritance from my mother's investments. We also have to sell her bungalow, which is proving rather difficult at the moment.

We are moving house and have a very keen buyer. We have found a property we like and with the money for our property plus my inheritance we are approx £30k short. Obviously, once the bungalow is sold, this will be repaid immediately.

Nationwide have turned us down for a mortgage due to my husband's age and we don't qualify for a personal loan as these are not for buying properties.

We've also spoken to an IFA but he couldn't come up with anything either.

Any thoughts or suggestions please?

monty-doggy

I'd think the only solutionss are
1. Lower the asking price for a quick sale.
2. Get a bridging loan although these can be v expensive.
3. Find a property buyer who will pay cash, you see them advertised all the time.
4. Wait until you are ready to move and hope its still there, or look for something else.

Maybe it wasn't meant to be?

Thrugelmir

Live in the bungalow until its sold.

Then look for a property to buy.