Buying a flat

anon_private

If someone finds a flat it might be possible to pay the deposit, but if the remaining 90% is to come from the sale of a house which is likely to be sold at a later date, then what would be the best method of purchase.

marksoton

Um, a mortgage?

boliston

Mortgage is surely better for long term funding over many years?

anon_private

As long as it takes to sell a house - month - months!

eddddy

The usual process would be to sell the house and buy the flat at the same time on the same day.

Is there a reason that you don't want to do that?

You can look into a bridging loan, but they tend to be expensive and risky. The risk being that you buy the flat, but the house takes much longer to sell than you expected - so the interest mounts up. (and/or the house sells for much less than you expect.)