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HTB timeline when selling existing property

I currently have a property (in Scotland) that’s not yet on the market, but could be sold pretty quickly when ready. I’m thinking of buying a new property using the London help to buy scheme. I’m a bit confused on whether I am able to reserve the new property until the old one has been sold or not, I think I had seen something saying I couldn’t reserve until that one had been sold but not sure where that was now.

Comments

  • kingstreet
    kingstreet Posts: 39,116 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    No builder I know of will accept a reservation from someone not in a proceedable position.

    As far as HTB is concerned, all our cases have had existing property 'SSTC'.
    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.
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