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Advice on mortgage for after we sell our property
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weenireeni
Posts: 1,464 Forumite
Hi,
We are putting our house on the market in the next month hopefully. We are hoping to sell for £110k, and we have paid off £60k off the mortgage.
To buy the next house, do we need a deposit again? Or will the mortgage being paid off count instead?
We are putting our house on the market in the next month hopefully. We are hoping to sell for £110k, and we have paid off £60k off the mortgage.
To buy the next house, do we need a deposit again? Or will the mortgage being paid off count instead?
2011 biggies: £1000 holiday,£100 all saints voucher, £200 ticketmaster, Links London bracelet, Ted Baker watch, £50 Oliver Bonas
2011 aim - win enough to save up for baby items!
2009 wins total £2623 inc break in Iceland!
2010 wins total £6430 inc break in Dubai!
2011 aim - win enough to save up for baby items!
2009 wins total £2623 inc break in Iceland!
2010 wins total £6430 inc break in Dubai!
0
Comments
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You can use the proceeds you get from the sale of your property as a deposit. A chain...:footie:
Regular savers earn 6% interest (HSBC, First Direct, M&S) Loans cost 2.9% per year (Nationwide) = FREE money. 0 -
You'll have £50k (less the costs of selling) to put down as a deposit on your next property.0
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