We have over 30k in savings (approx 35k all-in). The mortgage on our current home is at 160k and judging by local market prices, we would get at least 240k for it. We are hoping to sell very soon.
Is there any way we would get a 20% mortgage for a 400k property with the above figures (incl equity) or will we need to wait until we have sold home to apply for mortgage?
Thanks for advice and apologies if it's a silly question!
Is there any way we would get a 20% mortgage for a 400k property with the above figures (incl equity) or will we need to wait until we have sold home to apply for mortgage?
Thanks for advice and apologies if it's a silly question!