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Redeeming Mortgage- Can a use a credit card?
minibbb
Posts: 342 Forumite
Evening
Im redeeming my mortgage in a couple of weeks as im moving house and porting it to a new property. When I applied to do this I was told I owed just over 115k. I got my statement today and it seems I need to come up with £116800!! Im guessing this must be fees from when I first took it out.
Can I pay the 115k back using the sale and the extra £1600 on a credit card? I need the cash made from my sale to clear a loan.
Thanks!
Im redeeming my mortgage in a couple of weeks as im moving house and porting it to a new property. When I applied to do this I was told I owed just over 115k. I got my statement today and it seems I need to come up with £116800!! Im guessing this must be fees from when I first took it out.
Can I pay the 115k back using the sale and the extra £1600 on a credit card? I need the cash made from my sale to clear a loan.
Thanks!
0
Comments
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Unlikely. You will be paying any shortfall to your solicitor in time for exchange of contracts. I suggest you speak to them.Evening
Im redeeming my mortgage in a couple of weeks as im moving house and porting it to a new property. When I applied to do this I was told I owed just over 115k. I got my statement today and it seems I need to come up with £116800!! Im guessing this must be fees from when I first took it out.
Can I pay the 115k back using the sale and the extra £1600 on a credit card? I need the cash made from my sale to clear a loan.
Thanks!I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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