People kept saying things like “apply for a car loan”
Of all the people I know that have traded up, the 2 who had least stressful move both managed to sell to cash investors, who were happy to close and charge them rent until they closed their own purchases and moved out.The biggest issue by far is the timing the buying and selling if you aren’t prepared to rent.
Myself and my husband are looking to trade up. We have circa 200k equity in our current house which will cover 20% deposit for new house (with some left over). We have consistently been saving but used a chunk of money to pay off a car loan and remedial work needed to the house. Over the past 4 months we have 11k saved (saving a min of 2.5k per month) on top of paying our current mortgage etc. Is there a certain amount we should have saved / or a certain amount of time we should be saving for without having dipped into it, before we apply for approval?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?