bikingdad90
Guru
Hi,
We are looking to move house but due to a very competitive market we are looking to do things in the wrong way.
We are putting our house on the market later this week. We have also seen a house we really like and we are considering putting an offer in.
So question; how does arranging a decision in principle work if you don't know the final sales value of your home when you are porting your mortgage?
Can we assume lowest valuation and borrow more and then reduce the decision in principleprinciple?
Can we even arrange a DIP at this point in time?
We are looking to move house but due to a very competitive market we are looking to do things in the wrong way.
We are putting our house on the market later this week. We have also seen a house we really like and we are considering putting an offer in.
So question; how does arranging a decision in principle work if you don't know the final sales value of your home when you are porting your mortgage?
Can we assume lowest valuation and borrow more and then reduce the decision in principleprinciple?
Can we even arrange a DIP at this point in time?