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Cash deposit and mortgage

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  • Cash deposit and mortgage

    I don't know how to find the right term for what I'm looking for.
    I own a home and don't pay a mortgage. My partner and I want to buy a bigger house. Therefore we want to take a mortgage and use the money we have, which is a good amount.
    How do I call a deal like this?
    And how likely is the chance to get a higher mortgage?

    Thanks alot.

  • #2
    Re: Cash deposit and mortgage

    It sounds like you want to use the cash you have, yet get a mortgage to pay for the new house rather than spending the cash?

    The best advice from personal experience I could give you is have a talk with a mortgage broker. They can often find really good deals from across the market and can also help you with any harder questions you may have. There a few sites you can find decent brokers at as well. Try someone like My Big Move. Worth a try!

    A lot of the first consultations with them are often free.

    Good luck!!
    Last edited by BigRachel; 03-08-2016, 10:11 AM. Reason: Forgot to mention something


    • #3
      Re: Cash deposit and mortgage

      yes, it’s really better to get advice from somebody on this. try and get in touch with this company https://tranio.com/spain/ they will connect you to local real estate specialists and consult you on buying a property free of charge


      • #4
        Re: Cash deposit and mortgage

        Why don't you sell your current home and add the money to the cash you have? This would help. But what you really have to do is getting a professional advice on the matter.


        • #5
          Re: Cash deposit and mortgage

          Drop me a PM if you like Alia Rose, I'm a Mortgage Broker. Happy to have a chat.


          • #6
            Re: Cash deposit and mortgage

            An estate agent can advise you in the best way. First, you count how much mortgage interest you have to pay if you take the mortgage. You can count mortgage by mortgage calculator available online. If you have enough cash then I like to suggest you pay cash instead of the mortgage. If you don’t have enough cash then you can take mortgage after taking advice from experts.
            Kingswood Properties-Estate and Letting Agents in Preston


            • #7
              Re: Cash deposit and mortgage

              Contact a local broker in high street they can also help you to find a bigger house as well.
              Moving Consultant
              Watson Removals Brighton
              Web: www.watsonremovalsbrighton.co.uk