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Advice needed: Raising funds to buy a house
haribol_2
Posts: 164 Forumite
Hi
It's been so long since I last bought a place that I would appreciate some advice on the buying process as I have seen a new house that I wish to purchase. The agents are requesting a tender for the property which I will be lodging over the next couple of days to the value of £285k.
I can pay a deposit of 25K, sell my current home that should fetch 200k and raise the rest through a mortgage (60k).
Should my tender be succesful, I can only proceed once my property sells. Is it normal for the seller to wait until my property is sold so that I can proceed? There is no chain on the one I am to buy..
I know the above sounds daft, but any help would be gratefully recieved.
Many Thanks, Haribol
It's been so long since I last bought a place that I would appreciate some advice on the buying process as I have seen a new house that I wish to purchase. The agents are requesting a tender for the property which I will be lodging over the next couple of days to the value of £285k.
I can pay a deposit of 25K, sell my current home that should fetch 200k and raise the rest through a mortgage (60k).
Should my tender be succesful, I can only proceed once my property sells. Is it normal for the seller to wait until my property is sold so that I can proceed? There is no chain on the one I am to buy..
I know the above sounds daft, but any help would be gratefully recieved.
Many Thanks, Haribol
I have learnt that providing excellence gets you what you deserve and not what you want !!!
0
Comments
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Really you should already have accepted an offer to sell your own house before placing an offer to buy another house.poppy100
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