You are reading a single comment by @stevo_com and its replies. Click here to read the full conversation.
  • Thank you!

    So in terms of the new property being purchased - how does the deposit transaction work?

    So if we say that Property B (£460K) is acquired at 90% LTV and a £46K deposit is therefore required, do I actually need to find those funds in advance of exchange/completion? Or does a share of the £110K equity that will be realised when completing the sale of Property A instead act as a deposit in effect?

  • Or does a share of the £110K equity that will be realised when completing the sale of Property A instead act as a deposit in effect?

    Correct.

About

Avatar for stevo_com @stevo_com started