We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
alliance leicester buy to let query

Smokeyone
Posts: 155 Forumite


I am hoping some forum members will have a few suggestions for me please. I have a ten year buy to let interest only mortgage with A & L which expires in a year with some very nice tenants who are moving out in ten months. I am happy to sell the property to pay off the mortgage but as we all know - selling/contracts/completion/seeing the cash will take a while unless you are really lucky. A & L will not extend the term by a few months so do I try for a new mortgage or try for a bridging loan etc etc or is their a way of pursuading A & L.
Thanks
Thanks
0
Comments
-
Allow plenty of time for the sale process. You've a 2 month window in which to complete.0
-
I am just thinking that although the tenants will not mind sale viewings it might not be the best idea - the house might need decorating for instance etc etc
- then they leave, house decorated - house sells but then only two months !!0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.2K Banking & Borrowing
- 252.8K Reduce Debt & Boost Income
- 453.2K Spending & Discounts
- 243.2K Work, Benefits & Business
- 597.6K Mortgages, Homes & Bills
- 176.5K Life & Family
- 256.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards