Best way to sell and buy a house if relocating

kinger101

amandacat wrote: »

I have cats, I think I worry about them more than us!! The thought of subjecting them to a 6-7 hr car journey and then them having to settle in a new home makes me feel awful.

They settle pretty quickly, though may hide away in one place a first. Probably safe to let them out again after a few weeks.

If they're particularly bad travelling, discuss with a vet first whether medication might be appropriate.

KL0001

We!!!8217;re currently doing this, though not quite as far. The relocation was as a result of my husbands job, so we were lucky in that we have payslips etc for the mortgage for him and just told the mortgage lender I!!!8217;d be commuting (as he does now) until I find a new job (although in reality, we have enough saving that I can actually take up to a year whilst I look).

We thought about renting our house out and renting in our new location, but the thought of becoming a LL from a distance, the fact that it was for only a year it just seemed like too much hassle. Instead we!!!8217;ve sold and bought in our new location. We had 3 years left on the product term of our mortgage, so had to port it or pay a £4K redemption fee, so didn!!!8217;t see renting as a viable option.

lookstraightahead

financegeek wrote: »

which might work if you're moving up the road, but i'm sure most mortgage underwriters would query how you're going to be able to maintain the same position when you're moving hundreds of miles away!

Loads of people commute weekly to work, even to other countries.

financegeek

lookstraightahead wrote: »

Loads of people commute weekly to work, even to other countries.

I appreciate that it is possible (if not really feasible) but in this instance the poster isn't and to lie to the mortgage lender when it's queried would be fraud.

M2808

This is what I am saying - the person I am talking about moved 250 miles away. They never questioned it

amandacat

On reflection when I got my last mortgage they didn!!!8217;t question that my current employer is 160 miles away. The reason is I!!!8217;m field based so don!!!8217;t work in an office but this was never questioned. So I can see where you!!!8217;re coming from. But think renting at first may stil the best option as it takes a lot of pressure off searching from a distance and we can get a better feel for where we want to live.

ACG

There is a lender or 2 who will look to accept you with a job letter offer. You do not need to have started the job or received a payslip.

Your options are limited but it can be done. We did one last month where a couple were moving from the East of England up to Scotland.

bertiewhite

I'll give the same suggestion as I did in a similar thread 6 days ago...

https://forums.moneysavingexpert.com/discussion/5849077/moving-150-miles-away-questions

RedfordML

We moved MK to Norfolk.


I moved based on my then current job/salary so had plenty of wage slips and evidence.


We then saved for a while before the actual move and then once moved, it took me 12 weeks to secure a new job.


Worked out well, I had enough in savings and equity made to pay all bills for 6-10months. It was also my partner and 2 kids. I was absolutely fine.

I think either, rent & rent, or for the next 12-24 months, save enough to support yourselves, in case it takes a short while. Get a mortgage agreed on current wages and job.


All the best.