Hi
We are looking at selling our apartment and buying a house next spring. Here are some details on our situation
Current property: tracker mortgage with PTSB, 22 y left, 190k left. Property currently worth circa 270 - 280k.
We have 100k to go towards a new property, fees included. Our higher limit is 350k. Plenty of properties selling at that price where we are looking
We have planned for the increase in rate, as the tracker will increase by 1%.
So finances are not the issue (well, I hope not!) but we need to start planning so that we have the timing right. Is now too early to start the process? We are not fixated on selling in the spring, but with 2 young children, it would be easier if everything could be done and the move completed by next summer holidays.
Thanks a lot
We are looking at selling our apartment and buying a house next spring. Here are some details on our situation
Current property: tracker mortgage with PTSB, 22 y left, 190k left. Property currently worth circa 270 - 280k.
We have 100k to go towards a new property, fees included. Our higher limit is 350k. Plenty of properties selling at that price where we are looking
We have planned for the increase in rate, as the tracker will increase by 1%.
So finances are not the issue (well, I hope not!) but we need to start planning so that we have the timing right. Is now too early to start the process? We are not fixated on selling in the spring, but with 2 young children, it would be easier if everything could be done and the move completed by next summer holidays.
Thanks a lot