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Mortgage Advice
GM33
Posts: 1 Newbie
Hi, Just after a bit of advice due to recent split from partner I have decided to move back to area that I grew up in which unfortunately means higher house prices as better area - down side would have to leave 3 bed semi with conservatory for probably a 2 bed flat - but I feel quality of life and closer to family would benefit in the long run.
I currently have a fixed rate mortgage till 2010 and have estimated that I would have early redemption charges to the tune of about £4.5k (scary). My options are to just swallow these or transfer the mortgage to a new property I have 3 months to sort this out to get the charges credited back.
1) Can you have two mortgages - just incase I don't find a new property within 3 months - feel rushed to find something.
2) Is it always best to buy or should I rent and see what the market does.
3) Roughly how much does it cost in solicitors fees to sell a house.
I appreciate I may be coming over as a bit of a dumb blonde but I truly just need somebody/anybody to clarify a few pointers for me.
Thank you in advance for all replies.
I currently have a fixed rate mortgage till 2010 and have estimated that I would have early redemption charges to the tune of about £4.5k (scary). My options are to just swallow these or transfer the mortgage to a new property I have 3 months to sort this out to get the charges credited back.
1) Can you have two mortgages - just incase I don't find a new property within 3 months - feel rushed to find something.
2) Is it always best to buy or should I rent and see what the market does.
3) Roughly how much does it cost in solicitors fees to sell a house.
I appreciate I may be coming over as a bit of a dumb blonde but I truly just need somebody/anybody to clarify a few pointers for me.
Thank you in advance for all replies.
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