We are selling our family home which will leave me £160,000 in pocket. This is not enough to buy a new home and unfortunately we will not be eligible for a mortgage for three years as my husband has recently become self employed and lenders require three years of accounts.
I could rent for three years but will ending up using part of this money as I will be going on unpaid maternity leave very soon. After watching 100k house, I am wondering if there is anything I can do with this money to be able to have our own 3 bedroom home. I don’t mind whether its a flat or house as long as we have somewhere comfortable to live. We are hoping for the Boroughs of Brent, Camden or possibly Barnet in London but would prefer to only use 100k.
Any advice would be appreciated as I don’t have a clue about these things. My husband works in construction if that helps but I’d prefer not to have to do a any DIY with a small baby around. Thanks