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Trying to move up property ladder

Vic5 · 2014-12-25 22:52:05

Hi Everyone, We're thinking of moving and I'm wondering exactly how we can afford to. We bought our house for £160k with a £150k mortgage. Our house is probably worth max £220k (planning to get it valued in the New Year). I think we have about £138k left to pay on the mortgage. If we sold for £220k is that the maximum we…

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Vic5 Posts: 12 Forumite

27 December 2014 at 10:30PM

onlylookingforaquietlife wrote: »

with a mortgage of 150k at 5.99% over the last nine years your figure should be closer to 118,000 than 138,000

That's interesting. I swear that was the figure on our recent statement, but think I'd better check. Thanks for pointing that out.

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Trying to move up property ladder

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