Short term mortgage

Samph

Hi,
I am 55 years of age and currently receive a moderate private pension.

I currently own a house valued approx £130,000 (mortgage is now paid off). I am trying to sell this house and may have to drop it's price slightly for a quick sale.

I am urgently wanting to purchase a house in another area for approx £140,000.

I have some cash tied up with a money manager which I could draw on, but I would rather that was kept to a minimum.

It appears that a short term mortgage would be my best option. (Until I sell my house).

Any suggestions as to my best course of action (E.g. what type of mortgage, which company gives the best rates etc.).

Thanks in anticipation.
Don
:wall:

herbiesjp

You would have to find a good rate, with no Early Repayment Charges - your income would also have to be sufficnet to justify the loan