Just wondering if there are any companies set up in this country (or any country for that matter) that facilitate house swaps.
For instance:- If John and Mary have a house in the countryside worth 250k, neg eq of 50k. James and Marie have a house in the city worth 250k, neg eq of 50k.
I understand the size and quality of the house and the area would come into it too.
They both want to move home, but are tied because of the neg eq. I wonder if this is a viable option for them both.
What are the legalities etc
Its just something that popped into my head and could be an option for many who want to downsize or upsize for that matter but are tied by neg eq etc.
It could very well be a rediculous suggestion, but maybe one looking into?
For instance:- If John and Mary have a house in the countryside worth 250k, neg eq of 50k. James and Marie have a house in the city worth 250k, neg eq of 50k.
I understand the size and quality of the house and the area would come into it too.
They both want to move home, but are tied because of the neg eq. I wonder if this is a viable option for them both.
What are the legalities etc
Its just something that popped into my head and could be an option for many who want to downsize or upsize for that matter but are tied by neg eq etc.
It could very well be a rediculous suggestion, but maybe one looking into?