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Is a "bridging" loan the opion in this case? How/who/what or what else? Details in post.
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Yes, subject to affordability.
You will have to pay higher rate stamp duty but I think you can claim the surcharge back if it sells with 1 year or 3 years (I forget which sorry).I am a Mortgage AdviserYou 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.0 -
ACG said:Yes, subject to affordability.
You will have to pay higher rate stamp duty but I think you can claim the surcharge back if it sells with 1 year or 3 years (I forget which sorry).I believe it's 3 years.
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maxxpayne said:ACG said:Yes, subject to affordability.
You will have to pay higher rate stamp duty but I think you can claim the surcharge back if it sells with 1 year or 3 years (I forget which sorry).I believe it's 3 years.I am a Mortgage AdviserYou 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.0
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