Hi all havent psted for awhile went Br in June both me and hubby have a zero tax code. We are still waiting to be instructed to have house valued heres my question- If we had to sell because there was too much equity in the home and moved to somewhere to rent say that was £500 cheaper than the mortgage would this then mean we would have to go onto an IPA for three years ?. If we also had to miss mortgage payments to enable us to find a bond etc would this be acceptable ?
If the OR has decided that you should move to lower your accomodation costs then it is absolutely OK not to pay the mortgage for as long as possible to get a bond and advance rental together.
it is usual to need 6 months up front if you are currently br plus you will also need to look at moving costs.
If we have to sell house because of equity
Posted - 02 August 2010 : 18:15:37
