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Selling HTB property whilst buying another

1 reply

LondonBornAndBred · 02/12/2023 18:40

Hoping for some advice. I currently own a HTB flat and my husband and I are in the process of buying a non HTB house (which we are intending to both be on the deeds/mortgage for).

It is increasingly looking like we won't have a buyer for the flat in time to exchange and complete on the house. We told them we were chain free (as we truly believed we could be).

We've since been made aware from a friend that we might not be able to complete on the house purchase regardless of whose name it goes in whilst I still have a HTB equity loan.

Is there any way around this? Such as we can if we can show that we are trying to or in the process of selling the HTB property (and will pay back the loan as part of that).

OP posts:
Stephisaur · 04/12/2023 11:36

Have you spoken with your solicitor about this? They should be advising of any issues like that, and will be more knowledgable than your friend.

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