We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Advice on mortgage for after we sell our property
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
-
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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.6K Banking & Borrowing
- 254.5K Reduce Debt & Boost Income
- 455.5K Spending & Discounts
- 247.5K Work, Benefits & Business
- 604.3K Mortgages, Homes & Bills
- 178.5K Life & Family
- 261.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards