Short-term borrowing to buy a house....advice needed please.
I'm going to see a bungalow tomorrow with a view to buying. The owner's after a quick sale and ideally I`d like to buy it before my own house sells. I`m sure my house will sell easily within 6 months, even taking account of the time of year, so I`d be looking to borrow money short-term. If absolutely necessary I could cash savings/investments but I`d prefer not to. The bungalow is worth a similar figure to my current house so I¬d end up financially in the same position give or take a few £££.
If it comes off I`ll be looking to raise around £100K and finance the rest myself. What's the best way to do this? Selling a few watches plus my MGB won't get anywhere near........a silly idea that I wouldn't even consider.
It's a long time since I`ve approached a bank or building society about borrowing, but I guess that's what I'll have to do.
Any advice would be a appreciated, feel free to drop me a PM if that's easier.