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Deposit on new build
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Another thought, if the house your buying takes 6-9 months to be built, when do you put your current house on the market??0
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chelseablue wrote: »I'm forseeing the issue being getting from accepting an offer to exchange, when we last purchased our offer was accepted in the November and we exchanged in February.
It might be easier to sell our house and rent a place until the new place is built
That's what we do, as a new build usually takes longer than the developer hopes it gives peace of mind that we are not holding up anyone waiting to get into our house.0 -
You can't reserve without being in a proceedable position, so that should tell you you need to have a buyer before you can do anything else...chelseablue wrote: »Another thought, if the house your buying takes 6-9 months to be built, when do you put your current house on the market??I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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