mortgage advice plese

xyellowx

Hi had planned to put house up for sale in sept when loans c/card/gym/mobiles all paid off

been looking at houses that sell for around 190k and will have just over 20% deposit questions i wanted to ask are

1 if we put it up now and were lucky enough to get a offer could we use some of the sale money to repay the bits early and also buy a car outright, so we could return ours back to ford and get some money back off them (we put a large deposit on it)the only have say a 15% deposit?

2 we have the option of selling and having 3/4 months before needing to move into new home (can move in with family short term) could we use this to our advantage in the deals for both selling and buying? and would this make a differance in getting the new mortgage?

Building_Surveyor

Eh??? Sorry don't understand option 1 what so ever. Where exactly would you live. And option 2 what deals are you talking about? You would be moving with no chain on your part. That's one advantage.

xyellowx

sorry was tired when i posted

option 1 at the the moment i would have just over 20% deposit if i sold now but wanted to know would the bank be ok with me using some of this money to pay off a few bits and buy a car leaving me then only just over a 15% deposit for the new house?

we have the option to sell our house move in with family for a few months whilst looking for new house just wanted to know what advantages this would have im thinking we may get a better deal both buying and selling doing it this way?

R_P_W

Option 1 - it is your money so do what you want with it! Getting a new mortgage with 20% deposit will be easier and you will get better rates.