BillyPiper
Registered User
- Messages
- 66
Hi all,
Ok, not sure of my options here everyone. So please help me understand where I am at in this situation.
I have had an affordable apartment for 3 years (not shared ownership). I am about to get married next year, and then plan on having kids. The apartment really is not big enough for a family, so me and my partner will need to buy somewhere new (i.e. House). I know I am meant to live in this apartment for 20 years, but what are my real options here with the way things are now ??? Ideally I would not like to sell the apartment if I could rent it out for example. Maybe selling is the only option ?
Has anyone successfully purchased another property while owning an affordable property ?
What type of mortgage did you have to get ?
I presume if it was possible it would have been purchased as an investment property ?
I would be splitting my half with my partner and she would be buying as a first time buyer, mine would be presumably investment mortgage.
Ok, so there it is: any pointers, tips or experience people have had in this situation would be fantastic to share !!
Thanks a million
Billy
Ok, not sure of my options here everyone. So please help me understand where I am at in this situation.
I have had an affordable apartment for 3 years (not shared ownership). I am about to get married next year, and then plan on having kids. The apartment really is not big enough for a family, so me and my partner will need to buy somewhere new (i.e. House). I know I am meant to live in this apartment for 20 years, but what are my real options here with the way things are now ??? Ideally I would not like to sell the apartment if I could rent it out for example. Maybe selling is the only option ?
Has anyone successfully purchased another property while owning an affordable property ?
What type of mortgage did you have to get ?
I presume if it was possible it would have been purchased as an investment property ?
I would be splitting my half with my partner and she would be buying as a first time buyer, mine would be presumably investment mortgage.
Ok, so there it is: any pointers, tips or experience people have had in this situation would be fantastic to share !!
Thanks a million
Billy