Hello,
I can't answer this for a friend... even though I did some googling as I still haven't sold one yet.
He and his partner want to use some of their money for 'other stuff'[dunno] after their house is sold.
So how is the money allocated. by the bank? conveyancer? the seller?
Unsure of their scenario but for eg. let's say
200k mortgage
300k house value
150k want to use for other stuff
Any help greatly appreciated
I can't answer this for a friend... even though I did some googling as I still haven't sold one yet.
He and his partner want to use some of their money for 'other stuff'[dunno] after their house is sold.
So how is the money allocated. by the bank? conveyancer? the seller?
Unsure of their scenario but for eg. let's say
200k mortgage
300k house value
150k want to use for other stuff
Any help greatly appreciated