Caught in chain hell at the moment, I'm turning my mind to how to avoid ever being in one again! Our next move after this, should we ever make it, would be a lifestyle change to the countryside and, barring an unlikely lottery win, we won't be in a position to buy outright.
Renting between sales seems difficult and full of potential pitfalls, so would like to avoid that. But how realistic would it be to get a small second mortgage, buy a smaller/less desirable house somewhere near our preferred area, move into it and then sell our bigger house and look for the forever home?
We would obviously need to save enough to cover a deposit, increased stamp duty (twice!) and the various moving/legal fees, plus have sufficient income to service two mortgages. Challenging enough in itself, but should we manage to achieve it, are there any drawbacks to this idea? Can't decide if it's a sensible goal or pie in the sky occasioned by the emotional turmoil of being in a tricky chain!