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Showing results for tags 'mortgage'.
Found 3 results
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Hi. We, after years onboard, are thinking about selling our boat and buying a house (for a number of reasons, none of which are the topic). I’m wondering if anyone has done this before as usually it seems the other way around. We both have good jobs, a permanent mooring (so a council tax/electoral roll record, etc for a mortgage app) but the problem is we’ve never lived in a house. So we thought the only way to do it was to sell the boat, move into a rented house and then use the sales money for a deposit when we find the house we want. But recently I’ve looked up ‘sales chains’ and am wondering if we’d be able to be pre-approved for a mortgage and use the boat the same way as an unsold house. Has anyone any experience of this? To be clear, my research makes me think we could say that the boat is worth £x amount and were mortgage free, so we’d be pre-approved, could make an offer on a house, and then sell the boat and when it sells, finalise the purchase on the house with the balance from the boat sale plus the mortgage.... any other experiences or advice greatly received. Thanks. Also, the reason we don’t want to move into rented accommodation is we have multiple dogs and very little furniture so it would be difficult to find someone to rent us a furnished house or garden apartment with animals... though not impossible of course, and if worst comes to worst we’d do it as although it may seem ‘wasted money’ for rent, that’s essentially what our mooring fees are at the moment. Thanks in advance for any advice.
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Hello, I was wondering if anyone has had experience of securing finance on an old boat (potentially 100 years old). We have a large deposit which may or may not help. Thanks
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Does anyone know of anywhere that are still doing mortgages or loans? Obviously its not the most ideal way of buying a boat, but we would rather put the money into a mortgage on a boat than say renting a place with nothing to show for it after 10years. Sure we could get a house mortgage to mitigate this, but that required a big deposit and more importantly, knowing where you want to live for a long time. It seems most of the reliable places have stopped doing them pegasus marine finance seem to be the only option, anyone have any experience with them? Thanks, Alex.
