Moreover, you may also put your home in jeopardy, as it will be secured against the debts on your credit cards and loans, as well as your mortgage. In essence, avoid remortgaging for debt consolidation and see if you can pay off your existing debtsseparately instead.How would we go about taking the equity out of our house to pay debts or adding debts on to the mortgage?
Got about 25k-30k equity.
How would we go about taking the equity out of our house to pay debts or adding debts on to the mortgage?
Got about 25k-30k equity.
It's crap in Oldham, mines been on the market since January had 4 viewings, I can't really put it any lower as we couldn't afford to move, may end taking money out of it and renting it while buying another. Where we live is ideal for town and we are right on the m60 just Oldhams rep fucks everything up.
There is a subtle change where anyone who purchases a house and still owns a separate house (in any way) pays a higher 3% minimum rate. So if you own a BTL your domestic move costs you more – or if you own a holiday home – or if your parents have put you on the deeds to their house etc. This change and few changes to BTL that make it less attractive came in in April and there was an expectation that it would lead to a cooling of the property market but it doesn’t appear that way.
It’s subtle changes that favours first time buyers or buyers with no other involvement in property – Poynton is the sort of place where that may have an impact.
Have you tried a different estate agent? If you've only had 4 viewings surely the current EA's aren't pushing the property enough?It's crap in Oldham, mines been on the market since January had 4 viewings, I can't really put it any lower as we couldn't afford to move, may end taking money out of it and renting it while buying another. Where we live is ideal for town and we are right on the m60 just Oldhams rep fucks everything up.
To be far mate I don't think it will make much difference it's Oldham and people seem to want something for nothing, in fact I don't know what they want.Have you tried a different estate agent? If you've only had 4 viewings surely the current EA's aren't pushing the property enough?
Unless your property is an 8 bedroom bungalow or something.... :P
L
I don't believe this is correct.
You can own as many properties as you like, it won't affect the purchase of your home, Ie the house you intend to live in. In such a situation there is no hike in stamp duty as long as you are selling a main residence to buy another.
Have you tried a different estate agent? If you've only had 4 viewings surely the current EA's aren't pushing the property enough?
Unless your property is an 8 bedroom bungalow or something.... :P
I bought in February. First time buyer with my girlfriend, only started looking in January. The house was listed at £220k, managed to buy for £207k which I was more then happy with. It's a really nice, well sized house in a decent area so, all going well with the missus, should be in there a good few years.
If house prices continue going up I'll perhaps look at selling, but in no rush at the moment!