I decided a few weeks ago to remortgage my home and buy a second one to rent out. Everything has gone really smoothly until the surveyor came to my home and valued it at 20k less than I thought he would, which leaves me a huge problem! I have already paid out some solicitors fees and valuation fees and it seems such a shame to pull out at this late stage. I can still go ahead and buy the second house but would mean getting further into debt because I need an extra 3k or so, which I could borrow somewhere along the line. I have already occured some debt doing up the house I am living in as it was in a state when I first bought it. Anyway the question is do I really stretch myself and continue with the sale or cut my loses and run?
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