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moneysupermarket.com community... » Forums » Money & finance » Mortgages » House buying & selling » Re: To buy or not to buy?

To buy or not to buy?

Last post Thu, May 13 2010, 8:57 PM by maxsteam. 1 replies.
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  •  Thu, May 13 2010, 8:57 PM

    Re: To buy or not to buy?

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    It is not normally a good idea to borrow a deposit and some lenders may not accept a borrowed deposit. It might be ok if there is only a small mortgage on the property that you own.

    There is no harm in talking through your particular circumstances with an independent mortgage adviser.
    • Post Points: 29

  •  Thu, May 13 2010, 8:14 PM

    To buy or not to buy?

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    I moved counties last June for a new job. I was unable to sell my property at a reasonable price, so I have become a reluctant landlord. I am now living in private rented property and hate it, I would like to buy, but would need to borrow a deposit and am not sure that I am mortgageable. Is this a good idea, or should I hang on until I can sell my property in a few years?

    • Post Points: 20