This may seem a stupid question
We have a house, when we bought it we were first time buyers.
We are looking to buy a bigger house - but will need to sell ours to buy new house, plus savings, plus bigger mortgage.
What order do we do things in?
Do we get ours on the market first and see if anyone wants it?
Do we get a new mortgage in principle so we can see if we can afford a bigger house? If we can't then everything else is academic.
I am hoping to make a fair bit on the sale of current house to help afford new house as deposit - how does this work? Is there a tax implication?
What happens if we sell our houose but can't find a new one? I want a forever home so may be looking for a while to find something perfect but affordable? I also don't want to rent as it will be too disturbing for the DC.
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3 replies
superbagpuss · 12/01/2015 17:55
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