MichaelCOH
Registered User
- Messages
- 27
Thanks to everyone who gave me advice in a recent post (http://www.askaboutmoney.com/threads/selling-house-that-was-rented-out-tax-estimate.200419/).
Looking for some more on a different issue.
As I mentioned in that post, I intend moving to Galway as soon as I can, but first I need to sell my own home and my parents' home following the death of my father (my mother died some years ago).
I will receive a third share of the family home when it is sold.
In the next nine to 12 months, then, I will be in a position to buy a home in Galway.
But I've happened to spot exactly the home I was hoping for, in exactly the Galway location I wish to live in.
It has been on sale for two years, mainly because it is ridiculously over-priced compared to superior homes in the area. But it's the one for me.
I made a cheeky offer to rent the home and then buy it in a year at an agreed price, but the auctioneer pretty much dismissed that, saying the owners wanted to sell asap.
I'm just not in a position at the moment to make a buy-now offer, so I was wondering if you think there are any lending options that might make it possible in light of my circumstances?
My third of the family home would buy this Galway property, separate from whatever I get for my own home, and I could provide proof to any lending agency that that money is coming my way (the family property will be easily sold).
It's not the end of the world at all (!) if I can't buy this particular property, but it's frustrating knowing that it's exactly what I was looking for and that I would be in a position to buy it in a year or so.
Do I just forget about it (and hope it won't be sold in that time!), or do I have lending options?
(I have about 10 years to go on my current mortgage on the house I intend selling in the coming months).
Looking for some more on a different issue.
As I mentioned in that post, I intend moving to Galway as soon as I can, but first I need to sell my own home and my parents' home following the death of my father (my mother died some years ago).
I will receive a third share of the family home when it is sold.
In the next nine to 12 months, then, I will be in a position to buy a home in Galway.
But I've happened to spot exactly the home I was hoping for, in exactly the Galway location I wish to live in.
It has been on sale for two years, mainly because it is ridiculously over-priced compared to superior homes in the area. But it's the one for me.
I made a cheeky offer to rent the home and then buy it in a year at an agreed price, but the auctioneer pretty much dismissed that, saying the owners wanted to sell asap.
I'm just not in a position at the moment to make a buy-now offer, so I was wondering if you think there are any lending options that might make it possible in light of my circumstances?
My third of the family home would buy this Galway property, separate from whatever I get for my own home, and I could provide proof to any lending agency that that money is coming my way (the family property will be easily sold).
It's not the end of the world at all (!) if I can't buy this particular property, but it's frustrating knowing that it's exactly what I was looking for and that I would be in a position to buy it in a year or so.
Do I just forget about it (and hope it won't be sold in that time!), or do I have lending options?
(I have about 10 years to go on my current mortgage on the house I intend selling in the coming months).