We're hoping to exchange any day, complete Aug. Not my choice but the rest of the chain demands it.
We're withdrawing cash from out current fucking unsellable flat to be a deposit for new forever home. Renting the flat out for a couple of years then selling it hopefully.
BTL (actually LTB) mortgage provider won't release funds until completion as they say once funds are released then we can't live there. But how are we supposed to find deposit to exchange on new place without funds released? Is this normal? Do people doing this normally have to find 5 or 10% deposit between exchange and complete from their savings? It's 65k if 10% so quite a lot!
Grateful for anyone's experiences
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FFS yer another delay. Releasing money for a BT mortgage at exchange
13 replies
NoPlanYet · 07/06/2016 18:22
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