I am selling my house and the purchasers have signed contracts. I now have mortgage approval and plan on siging contracts on my new house this week.
My question is, can I draw down my mortgage so that I can move into my new house while I still have my old one for say a period of a week to facilitate moving furniture etc? Can you draw down new mortgage with the old one still outstanding? Current mortgage is with BOSI and new one for new house will be with IIB
My question is, can I draw down my mortgage so that I can move into my new house while I still have my old one for say a period of a week to facilitate moving furniture etc? Can you draw down new mortgage with the old one still outstanding? Current mortgage is with BOSI and new one for new house will be with IIB