Buying my dream house. Ideas?

[paulsimonsguitar]

My dream house is up for sale (in a different area) and I want it! We could just about afford it but need to sell ours first which we can't do at the moment because of exam age DC.

I've been wracking my brain for ideas - like getting a business loan to get a buy-to-let mortgage until we could sell ours and move back in, selling our current house to buy it and renting out the dream house while we rent in the current location for school, and other scenarios - but the numbers don't work out.

We don't have any family members we could ask for pre-inheritance handouts either.

Has anyone been in this situation and found an answer?

I have no idea but I’m hoping this bumps for you and someone who has pulled this kind of thing off can help.

I lost out on the dream house because mine didn’t sell quick enough, it wasn’t a dream house as in the detached 5 bed with stables, but it was a large ex council house with nice neighbours (school mum friends) and had a room built in the loft that my child could have had kitted out as a sensory room. The man who got it was a complete arsehole and the neighbours have had nothing but trouble with him. Im hoping that he has enough of being disliked and puts it back on the market when it picks up again!

What makes this house your dream? Is it anything you can create somewhere else if this house goes?

Thanks for the bump! Fingers crossed your horrid man sells up soon.

It's my dream house as in it has everything I want in my next house - location, rooms, layout, etc. - and would be a last move. I am very picky (as DH will testify!) and I check the listings in this area every day. I'm trying to resign myself to someone else nabbing it while still trying to think of solutions (and buying lottery tickets).

Annoyingly I've lost touch with a playground mum friend who bought a house in a similar situation - and used a bridging loan, buy-to-let mortgage, etc. Although I'm sure she still had some parental financial input though so she might not have been all that helpful.

What are the relative values of each house, how much equity and savings do you have, what would the rental value of each be?

Does either house have any means of generating extra income, storage space that could be rented, Airbnb scenarios, etc?