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Selling property which mortgage???

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Comments

  • ViolaLass
    ViolaLass Posts: 5,764 Forumite
    Only reason to switch is don't see point of repaying the mortgage I'm trying to get rid of and the monthly DD seen as my gf isn't going back to work as it wouldn't be worth paying for child care etc


    But you'll have to repay it when you sell anyway.
  • getmore4less
    getmore4less Posts: 46,882 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Any capital you pay off now you get back when you sell.

    Maybe an incentive to sell quickly.
  • amnblog
    amnblog Posts: 12,733 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Why this urgency to reduce payments on a property you are selling - are you selling because you are struggling to make the payments?
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • Not at all struggling we now have a 12 month old daughter just want a larger house tbh. I bought the house on my own 4 years ago then I met my gf and had mia. We made decision to put house on market I was just researching my options.
  • JimmyTheWig
    JimmyTheWig Posts: 12,199 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Then I'll say it again.
    I'd be shocked if the best thing was to do anything other than stay on the SVR.
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