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baz8755

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Albermarle

You probably do not have any easy options. A bridging loan might be possible, but it will be expensive, especially if the sell/buy process drags on for months/years.

Probably best to get the boundary dispute sorted- put you house on the market, and then start looking for a new home.

Herzlos

Your best bet is to talk to the seller and see how long they can wait for, and then try to get your house listed for sale and sold. You can presumably sell quicker or with the dispute for a suitable discount. How much discount would depend on how much you want the other house, but unless it's unique it's potentially not worth it.

Bigphil1474

It's generally better to decide to sell your house, get it ready for sale, get it on the market, and get it sold, before looking at other properties.

As above, a bridging loan is expensive. Very expensive. You could be waiting a long time. My neighbour recently took their house off the market after 2 years going unsold. In most areas, it's still a buyers market as there aren't many buyers around.

Personally, I wouldn't be looking to tie up a substantial part of my life savings in a property if I was on low income, I'd be looking to go the other way and free up some more by downsizing.

poseidon1

Unless and until you are ready to list your property, I would suggest you are not really in a position to make offers to prospective vendors.

Bridging finance likely way to expensive compared to a normal residential mortgage which would likely be the more cost effective option assuming your joint incomes can support the outgoings.

Certainly would not reccomend raiding your savings.

I have noted from your past posts that your neighbour disputes appear to have been escalating pretty much as soon as he arrived ( police involved at one point?), so your timeline to resolve the disputes prior to listing your property could be stretched way beyond what you are currently anticipating.

This uncertainty definitely militates against bridging finance which tend to have contractual terms of between 6 to 18 months, with new arrangement fees for renewal terms.