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Liable for fee? & what to do with the cash?
naturegirl_2
Posts: 125 Forumite
I have just had an offer on my house and I'm going to accept. My fixed rate mortgage is coming to an end first week of April. Would I be liable for any charges if I sell before the end date of my current mortgage? or should I hang on a couple of weeks.
Also I wont be buying right away and wondered what to do with the money I make from the house sale until I'm ready to buy again.
many thanks
Also I wont be buying right away and wondered what to do with the money I make from the house sale until I'm ready to buy again.
many thanks
0
Comments
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A typical sale takes two or three months, so if you've just accepted an offer, your mortgage penalty period will be well over before completion.
Look at different savings options for your equity, so it's working for you before you buy again. Don't tie it up for too long though. You wouldn't want to lose an interest premium by going for too long a period...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 -
Take it down the casino and stick it on red
no, black.0 -
Thanks to Kingstreet for info and Dannyboy you made me laugh0
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