Fixed deal and moving house

JoeK_3

IHateDida wrote: »

I've got another question based along the same lines.

I'm on a fixed rate 5 year with 2.5 years still left on it - owing £64k with Halifax. But like the others, I would like to upgrade to a bigger house borrowing an extra £80k. Do I have to stay with the Halifax cos' I'm on a fixed deal and it would cost me a fortune to get out of it, or can I take the whole mortgage elsewhere?

Also.....how does it work with fixed deals - I'm currently paying a fixed rate of 5.19% (or something like that!) - what would the Halifax now offer me on a 10 year fixed - would it likely to be the same as advertised - 6.19% on the whole of the mortgage or could I negotiate? (sorry to sound dim - I have no experience of such stuff - as I'm still in my first house!).

Advice appreciated. Thankyou! :beer:

You should not hijack a thread.

You would get far more help if you posted this as a new thread, as advisers cannot find it.

JoeK

JoeK_3

hcnim wrote: »

Hello, longtime lurker, first time poster.
We'll currently be in the same boat, looking for an extra £30k on a £115k mortgage. The question I'd like to ask is when porting a mortgage (with Nationwide) will we be expected to pay a deposit on the extra £30k lending, seeing as it will be a separate mortgage?
Theres no mention of it so I'm hoping that it won't be needed. The extra £30k for the new house roughly equates to 20% of the total value of the house.

Sorry if this is a stupid question, but it just seems like there's so many hidden costs in moving!

Many thanks for any replies

You should not hijack a thread.

You would get far more help if you posted this as a new thread, as advisers cannot find it.

JoeK