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What can I do?
funnyfanny
Posts: 9 Forumite
I live with my girlfreind in her house and also have my own house that I'm about to put on the market in the next month for around £115,000. I owe £56,000 on the house.
I've seen a flat that I want to buy and agreed a price of £57,000 with the owner. However last week I noticed that it is under offer, I've since spoke with the owner and some guy has matched my offer who is a cash buyer. I don't have any savings. Is there anyway I can raise the money?
I've seen a flat that I want to buy and agreed a price of £57,000 with the owner. However last week I noticed that it is under offer, I've since spoke with the owner and some guy has matched my offer who is a cash buyer. I don't have any savings. Is there anyway I can raise the money?
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Comments
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You mean raise money quickly so you can buy before you sell your house?
Yes you can.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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 -
Could you be a bit more in depth please?0
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Speak to a mortgage broker about securing short term lending across the two properties pending your sale.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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 -
If the vendor has found a cash buyer then you are already well behind the curve time wise. Your offer may have been accepted but as you weren't in a proccedable position the property would have been continued to be marketed. Focus on selling your house. Then next time you'll be ideally placed.0
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