M
Mac Grant
New Member
Hello all
I'm looking for some advice.
Is there a 'smart' way to do this, bridging loan, remortgage etc or is there another technique for doing this?
If anyone has any experience or advice I'm all ears...
Thanks,
Mac
I'm looking for some advice.
- My parents have a £90k mortgage outstanding on a property valued conservatively at £285k
- My wife and I have a £140k mortgage on a property valued conservatively at £190k
- We would like to swap houses and leave my parents with no mortgage (we take on a larger mortgage)
- We don't have the cash to buy their house outright.
- We would happily sell either house to each other at below market value if that would help.
Is there a 'smart' way to do this, bridging loan, remortgage etc or is there another technique for doing this?
If anyone has any experience or advice I'm all ears...
Thanks,
Mac