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lovemoney.comUK property shortage: can we learn from Vancouver, Paris and other countries?lovemoney.comWe take a look at how other countries are tackling property shortages and whether it would work in the UK. The UK isn't alone in suffering a housing shortage, so should we look to other countries for ways to tackle the problem? Across the globe from ...
Express.co.ukAirbnb boosts property values in the UK as they are 'ideal' for renting outExpress.co.ukAn estate agent in Tunbridge Wells in Kent has seen homes in desirable areas selling for £30,000 more because of the holiday let potential, which offers landlords more than £100 a week above conventional renting. As many as 135,000 properties across ...
Wilts and Gloucestershire StandardProperty News: UK house prices growing, but where are the largest ...Wilts and Gloucestershire StandardHOUSE prices across the UK continue to head upwards, with the latest figures showing there was a 4.7 per cent increase in the year to May.and more »
Wilts and Gloucestershire StandardProperty News: UK house prices growing, but where are the largest rises happening?Wilts and Gloucestershire StandardKevin Shaw, national sales director at property specialist Leaders, says: “Although a 4.7 per cent annual rise in the year to May was slightly down on the 5.3 per cent growth recorded in April, it proves the UK housing market is robust and continuing ...
Gazette SeriesProperty News: UK house prices growing, but where are the largest ...Gazette SeriesHOUSE prices across the UK continue to head upwards, with the latest figures showing there was a 4.7 per cent increase in the year to May.and more »
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My partner and I have our property on the market and have seen a house we really love.

Hi Martin
My partner and I have our property on the market and have seen a house we really love. It will also mean decreasing our mortgage significantly if we manage to get it. We have 2 options: we can either wait until we sell our property and transfer our mortgage over on a standard variable rate (and risk losing the property to someone else) or borrow the deposit for the new house from family and secure it but that means our new mortgage will be fixed for 3 years @ 5.99%.
Do you have any advice for us? I imagine that interest rates will rise shortly and it may be a good time to fix but do you think that 5.99% is high?

Many thanks

Jayne

The mortgage market is an ever-0changing beast! Why don't you keep both houses, remortgage the fist on a buy to let, hopefully releasing funds to pay back the deposit, and rent it out your firsdt hosue as a long term income generator`? Depends on rents in your area. It will need to cover mortgage paymet + 25%.

 

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