Hi , seriously considering moving house , but need to move fairly quickly if i'm to snap up the property i have my eye on........i'm in a pretty good situation , i nearly own my place(very small outstanding amount of around
600.00) worth around 120-135k, the new place i want to move to is 189k ....
I have 25 % deposit for the 189k (will need self cert or similar , due to my income not been suitable to borrow the whole amount , plus i'm single no 2nd income,plus i'm a company director), not wanting to keep my other property , but would want a deal to move me into the new house using the 25% then sell my house afterwards (but as soon as poss etc.) once my house sells , take around 100k off the new mortgage and keep the rest back , to recoup some of my savings i used as the initial deposit....bringing the new mortgage down to a reasonable sum.
I will of course speak with my current mortgage provider , but would want the best possible deal around.......i understand many lending companys may penialize me for wanting to pay off a large portion of the new mortgage so soon , so i need a fexiable deal at the best possible rate.
any links or advice etc would be most welcomed.