we are in the process of saving to move due to a change in employment. Currently have a ptsb tracker with 21 years remaining and house is roughly 40-45k in positive equity. We are hoping to transfer tracker to new house.
As we will be second time buyers do we need to save the full 20% of cost of new house or can we use some of the equity in current house towards that?
We are saving every spare cent but would rather move sooner if we don’t need to save the full deposit as it is a long commute.
Selling up first and renting closer to work might be an option but don’t want to miss out on transferring the tracker.
As we will be second time buyers do we need to save the full 20% of cost of new house or can we use some of the equity in current house towards that?
We are saving every spare cent but would rather move sooner if we don’t need to save the full deposit as it is a long commute.
Selling up first and renting closer to work might be an option but don’t want to miss out on transferring the tracker.