Thanks for advice, but I am not "investing" in a second property for financial gain or betting on rising prices, I have to move to another county due to personal circumstances and I am contemplating the best way to do this.You can approach the Bank certainly but you will not be successful. Without wishing to preach, you do need to have some grasp of why we got into this crisis and the folly of borrowing money to speculate on the property market!!
In fairness, your original post was ambiguous in that both 44brendan and I interpreted the sale "at a later date" as indicating you intended holding on to the existing house to catch the capital gain from a rising market.Thanks for advice, but I am not "investing" in a second property for financial gain or betting on rising prices, I have to move to another county due to personal circumstances and I am contemplating the best way to do this.
Option 1: Try to sell current house, and hopefully the house we are looking at will still be on the market - if not we end up renting and waiting for a suitable house while house prices are potentially rising. The scenario could be that we sell at the bottom of the market, then purchasing in a rising market thus costing us more.
Option 2:Buy the house we are looking at if posible, then sell the original house in a potentially rising market. No disruption to family etc and we possibly get the house we want.
Thanks for advice, but I am not "investing" in a second property for financial gain or betting on rising prices, I have to move to another county due to personal circumstances and I am contemplating the best way to do this.
Option 1: Try to sell current house, and hopefully the house we are looking at will still be on the market - if not we end up renting and waiting for a suitable house while house prices are potentially rising. The scenario could be that we sell at the bottom of the market, then purchasing in a rising market thus costing us more.
Option 2:Buy the house we are looking at if posible, then sell the original house in a potentially rising market. No disruption to family etc and we possibly get the house we want.
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