Lillymay10
Registered User
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- 7
We would like to trade up to a 4 bed home currently on the market at 135k
My husband currently has a mortgage on the 2bed house we live in of 60k.
We have the following options...
Option1-
We have 105k cash and could get a loan off the credit union to buy the house
Option2-
remortgage property1
Option3
Should we take out a 15yr mortgage for 55k?.. monthly repayments approx 500.
and keep some savings.
Also, if we keep our first house and rent it ... should we keep it in his sole name? and would we be looking at paying much capital gains in the future if it's sold?
My husband currently has a mortgage on the 2bed house we live in of 60k.
We have the following options...
Option1-
We have 105k cash and could get a loan off the credit union to buy the house
Option2-
remortgage property1
Option3
Should we take out a 15yr mortgage for 55k?.. monthly repayments approx 500.
and keep some savings.
Also, if we keep our first house and rent it ... should we keep it in his sole name? and would we be looking at paying much capital gains in the future if it's sold?