We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Mortgage Lump Sum Payment
jmal
Posts: 2 Newbie
Should I make a one off payment if I am planning on moving house in the next 6 months?
Current Mortgage is say £115K
My Property Value is say £125K
If I put down £10K I will save £850 approx per year.
I don't need the £10K but I'm worried I'll need it when I'm buying in 6 months. Everything I've read points to paying off the mortgage.
Help!!!
Current Mortgage is say £115K
My Property Value is say £125K
If I put down £10K I will save £850 approx per year.
I don't need the £10K but I'm worried I'll need it when I'm buying in 6 months. Everything I've read points to paying off the mortgage.
Help!!!
0
Comments
-
Your LVT is over 90% now so what price are you going to pay for next property ? Costs to move £5/6K ! So you might have 10% to put down on a £140K house IF you have the income0
-
Probably £180K. I've got another £30K.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.4K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.4K Spending & Discounts
- 245.4K Work, Benefits & Business
- 601.2K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards