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How much should I borrow?

Proudnanny
Posts: 2 Newbie
I need to buy my ex out ..I do have savings that would go towards the full amount I owe, but I’m just not sure if I should give him ALL of my savings ... & therefore reduce how much I would need to borrow (the rest I would owe him) ... or keep a small amount back for myself as I would have nothing at all to fall back on if I needed a new boiler etc
thank you
thank you
0
Comments
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Don’t think about it as giving your money to him, you are buying a house. I assume you have agreed the amount, and you have had legal advice?
I would keep a safety net for savings - as you say things crop up. Ideally you should have three months livI got costs, but you know what is realistic in these circumstances.2 -
Borrow more keeping back funds.
Watch for going over a LTV band.
You can always change your mind and overpay.
Not so easy to go the other way.1
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