Moving house

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  1. 3rd April 2016, 05:26 PM #1
    Borvad
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    I'm a first time buyer, as in I got my first place 2 years ago.
    From what I was told got it at a reduction and the general feeling is it's worth a bit more now than I bought it for.

    I've found another place for reasons I won't go into currently as they arent important but what do I do?

    I'm not in a desperate need to move in a rush but I have no idea how to go about it.

    I know I don't want my mortgage payments to go up at all if it can be helped, and I'm hoping as I don't have a big deposit to put down on the next place I can use the 'profit' I hope to make on my current place.

    I know I need to look into getting the 'no obligation free evaluation' done first on mine, but ......what do I do then?



    Thanks, in advance
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  2. 3rd April 2016, 06:38 PM #2
    MINI William
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    Need to see what the house is roughly valued at and then see a mortgage advisor to see what you can borrow. Mortgage rules and regs have changed in the past 2 years so worth checking out. The deposit you have can be added with the equity in your current property to go to the next one
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  3. 7th April 2016, 02:18 PM #3
    Borvad
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    ok just had it valued.......17k more than I paid for it!!

    only thing is, the one I had my eye on is 8k more :S
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