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Newbie - Help me out
fairmorn308
Posts: 1,530 Forumite
For example
say you had a mortgage on a house/flat and it was still outstanding and you were wanting to sell the house?
Does it work like this.....
Money gets paid to lawyer who pays the remaining mortgage off then the rest profit goes to yourself?
Sorry but i am not sure how it works etc
say you had a mortgage on a house/flat and it was still outstanding and you were wanting to sell the house?
Does it work like this.....
Money gets paid to lawyer who pays the remaining mortgage off then the rest profit goes to yourself?
Sorry but i am not sure how it works etc
0
Comments
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Yep, thats pretty much it. The solicitor will pay off the mortgage company/bank and your estate agent fees (if applicable).0
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also another question
Mortgage taken out 5 years ago at 45k and paying around £240 a month and works out to be paid back around £14200 at 4%
Would mean total repayment over 25yrs would be £71k
If i was to sell today how much would i have to repay for the mortgage?0
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