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FTB in a lucky situation
RancidM
Posts: 66 Forumite
My wife and i have lived in our house for 20 years now.
The house was originally her mothers, but she ran into financial difficulty. The wife and I were added to the mortgage.
Some time ago the wife and I re-mortgaged and brought out her mother.
So we have now decided its time to downsize and also get out of central London. This will be our first time of buying a house.
We have had our house valued and the valuation would allow us to settle what remains of the mortgage and leave plenty to purchase a new place.
I'm curious to know the best way forward.
Id like to try and keep the hassle factor as manageable as possible.
The house was originally her mothers, but she ran into financial difficulty. The wife and I were added to the mortgage.
Some time ago the wife and I re-mortgaged and brought out her mother.
So we have now decided its time to downsize and also get out of central London. This will be our first time of buying a house.
We have had our house valued and the valuation would allow us to settle what remains of the mortgage and leave plenty to purchase a new place.
I'm curious to know the best way forward.
Id like to try and keep the hassle factor as manageable as possible.
0
Comments
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I dont really understand what you are asking?
Determine where you'd like to move to, start looking, and at the same time put your house up for sale. But that seems quite obvious so have I missed something in what you are asking?
There is a guide in here somewhere on buying and selling a house, and there are also books you can buy, just make sure to geta UK one.0 -
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Describing yourselves as FTBs is a little disingenuous.
You own a property that would need to be sold in order for you to buy your next home, which is not exactly the definition of a FTB!0
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