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Old 01-08-2016, 04:36 PM
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Join Date: Aug 2016
Location: West Midlands
Posts: 1
Default 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.
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Old 03-08-2016, 10:10 AM
Junior Member
Join Date: Jun 2016
Posts: 1
Default 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 at 10:11 AM. Reason: Forgot to mention something
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Old 23-08-2016, 11:58 AM
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Join Date: Apr 2016
Posts: 12
Default 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 they will connect you to local real estate specialists and consult you on buying a property free of charge
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Old 27-09-2016, 08:20 AM
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Join Date: Sep 2016
Posts: 1
Default 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.
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Old 13-10-2016, 03:15 PM
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Join Date: Apr 2016
Location: Newbury
Posts: 2
Default Re: Cash deposit and mortgage

Drop me a PM if you like Alia Rose, I'm a Mortgage Broker. Happy to have a chat.
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Old 19-04-2017, 11:41 AM
johnware's Avatar
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Join Date: Mar 2017
Location: Preston,UK
Posts: 8
Default 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 donít have enough cash then you can take mortgage after taking advice from experts.
Kingswood Properties-Estate and Letting Agents in Preston
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cash buy, half and half, mortgage

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