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Fixed Rate Ending in May - House for Sale
tleefox
Posts: 98 Forumite
Good morning all.
Following on from a recent thread about my shared equity mortgage coming to an end, our fixed term mortgage ends at the end of May and we have opted to put our house in the market. We are getting the house tidied up in the next 2-3 weeks and the property will be on the market then.
Is there anything in particular we should be aware of with our mortgage? At the end of the 2 year term our mortgage reverts to the SVR at 3.99% - obviously we don't want to commit to another mortgage if our house is on the market?
As stated, our developer currently own 25% of the property, payable when we sell - does this affect buyers in anyway? Do we need to be making them aware of this?
Thanks in advance.
Following on from a recent thread about my shared equity mortgage coming to an end, our fixed term mortgage ends at the end of May and we have opted to put our house in the market. We are getting the house tidied up in the next 2-3 weeks and the property will be on the market then.
Is there anything in particular we should be aware of with our mortgage? At the end of the 2 year term our mortgage reverts to the SVR at 3.99% - obviously we don't want to commit to another mortgage if our house is on the market?
As stated, our developer currently own 25% of the property, payable when we sell - does this affect buyers in anyway? Do we need to be making them aware of this?
Thanks in advance.
My debts at 11th April 2011:
Virgin Credit Card - [STRIKE]£1,900[/STRIKE] £1,500 (21.1% paid off)
Nationwide Authorised OD - [STRIKE]£2,000 [/STRIKE] £1,500 (25% paid off)
Student Loan - exact amount TBC but circa £5,000
I'm on the road! :T
Virgin Credit Card - [STRIKE]£1,900[/STRIKE] £1,500 (21.1% paid off)
Nationwide Authorised OD - [STRIKE]£2,000 [/STRIKE] £1,500 (25% paid off)
Student Loan - exact amount TBC but circa £5,000
I'm on the road! :T
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