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Should I complete my sale and exchange with a longstop date on my onward purchase??
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Except the lender is still likely to expect vacant possession, and there are specific restrictions on sale-and-leaseback arrangements which I suspect this would breach. So I doubt this is going to happen if the lawyers are doing their job properly.Ath_Wat said:
Ok, if they are buying the place as a buy-to-let business it does change the situation somewhat.CharYoung said:
she has a buy to let mortgage and the lender is fine with it as long as we have an agreement, which has been drawn up to state we rent for 2 months from 1st JulyGentleGiant01 said:
That’s a very valid point, and one for the buyers mortgage broker / solicitor to answer I think!comeandgo said:Will her mortgage allow her to be a landlord?0 -
Are you moving because you have to move (you are moving from one area to another for work, for example) or just trying to trade up? How critical is it to you that you buy this particular house?0
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