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House for sale
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littlemrtinkle
Posts: 680 Forumite
Hello any help greatly appreciated. My house is currently for sale, been trying to sell for close to two months with no luck what so ever, in this time i have been making regular overpayments to try and reduce my mortgage. currently paying close to 7% . should i remortgage (current deal runs out 1st april) and then port this to my new property when i move, is this possible? or just hang in there with current provider principality until i move?
Mortgage Start jun 2007 £88500 Outstanding Balance £51000
Overpayments 2007 Nil 2008 £1040 2009 £7853 2010 £10000 2011 aiming for £18000 (6k so far)
The Early Bird Gets the Worm, but the Second Mouse Gets the Cheese!!
Overpayments 2007 Nil 2008 £1040 2009 £7853 2010 £10000 2011 aiming for £18000 (6k so far)
The Early Bird Gets the Worm, but the Second Mouse Gets the Cheese!!
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if you move mortgage now there will undoubtedly be costs involved. If you are moving soon anyway you may as well wait and get the best deal you can on your new place.
A lot of deals are portable, so you could move them to your new place, but they would be subject to a valuation and a new lending decision.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0
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