Buy or sell first? This is an eternal dilemma. If the sale of your present home is not settled on the same day as the purchase of your new one then you’ll need bridging finance to cover the new home purchase before your own funds are available, but if you sell and then can’t find your dream home within a few weeks you’ll be moving twice as you rent for a while before purchasing – which can be difficult to find a suitable rental property for less than 12 months. It’s important to know how much you can spend on your new property, to have funds for a deposit available when you find it and how to fund the dreaded bridging finance if it becomes necessary.
Your First Chartered Capital Broker can help with information & loan pre-approval to make the transition into your new home worry free.
