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House and home

Buying a property

(28 Posts)
Brigadoon Sat 26-Aug-23 11:59:40

A current knee problem has solidified for me the need to move and downsize. There are three storeys (stairs) in this large house and huge garden, part of it sloping and a lot of work. Husband loves gardening and can manage it - this may change of course. My injury has brought home what life here would be like when we’re older and possibly less able. I’m using a crutch and can’t get upstairs where the bedrooms are. Bathroom is downstairs but layout is such a bedroom is not easily accommodated downstairs in future. I can’t use the garden currently as there are many steps to it, side is sloping and top garden only reached by many steps. It makes sense to move from village to nearby town, a bungalow preferably. But here’s the rub. I don’t want to be in the position of having to buy what happens to be on the market during sale of this house. I want to be sure it’s the ‘right’ house. Especially as it will never live up to the love I have for this house (42 years here). Has anyone managed to get a short term mortgage to buy a house BEFORE they sold? So you could go for a property you want rather than just a property that happens to be for sale at the time you are selling? Thanks for any advice, tips.

Georgesgran Mon 28-Aug-23 14:51:30

The scheme is called Temporary High Balance Protection.

Brigadoon Mon 28-Aug-23 16:11:48

Thanks for these replies. I don’t think you need a financial advisor if you’ve got Gransnet! It’s a relief to ask the questions which I feared were silly on a forum which is so willing to help and share experiences.