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How to find a good broker

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  • Not sure I could venture south of the Mersey! :eek:
  • GMS
    GMS Posts: 5,388 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    How much work is needed to the property you are looking at? Anything structural? Is it habitable?

    Credit card debt will affect affordability and high usage will impact credit score. Could you repay some with the proceeds of the sale?
    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.
  • GMS wrote: »
    How much work is needed to the property you are looking at? Anything structural? Is it habitable?

    Credit card debt will affect affordability and high usage will impact credit score. Could you repay some with the proceeds of the sale?

    I'd say borderline habitable, I'd need a closer look! Nothing obviously structural (although I've only driven past) and the street is full of solid looking well maintained similar houses. Its no small job though, it'll need everything doing!

    I could potentially repay some of the debt with the proceeds, how does that work when selling and buying simultaneously? I wouldn't want to lose the benefit of having a decent deposit, or find myself short for the works.
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