08-09-2021, 06:39 PM
(08-09-2021, 05:31 PM)E.N. Wrote:(08-09-2021, 05:02 PM)Neowise Wrote: will you have to leave your current house before new house is ready?We already have. Our solicitor told us months ago we were nearly there (they were very wrong!) and I was out of work then so it was a good time to move (in terms of the practicalities of moving stuff, I did it all myself over a few weeks). We're renting in the country which is nice and does remove a lot of the stress. But we've had a few months of paying mortgage and rent, which we'd have rather avoided if we'd known
Not sure why you'd have to be paying a mortgage before its drawn down against.
From the time between you selling, and the time before you draw down, you should have no mortgage, or if there is mortgage, it should be a hugely reduced one, as the moneys gotten from sale prices should go most of the way to wiping it out.