borrowing against a home to buy another??

[v12bitch]

Not sure how this all works, looking to move and have seen a place before putting ours on the market, TYPICAL lol The asking price of the new property is 240k we have no mortgage on our home and its current value is around 330k . Any views advise assume age etc relates to this aswell as income, im only part time and wife works , do we still work on the 3 or 4 x the income even tho the loan is secured to the property we own ? thanks all

[Sarnie]

Yep you can do this, as long as your details are sufficient to secure a mortgage eg, credit score, income multiples, age etc. Ideally you would choose a product with zero Early Repayment Charges so that you could repay the loan without penalties when the property sold.....