moving home help?

seanwinf

Hi all. Putting my house on the market tomorrow and hoping to move to a bigger house (bigger mortgage) i have A loan with halifax (£8k) i want to pay off from the equity i have in my house now which Will leave me just over 10% for a deposit (£18k House is £165k) My mortgage is currently with halifax and wouldnt mind staying with them. Will halifax just take the money from my equity and pay the loan off on completion or would i have to do it and would they take into account paying this off when i do the affordability. I have a meeting on tuesday but just trying to get advice before hand?

Contemptuous

If you tell Halifax of your intention, your solicitor should deal with paying off the loan, and Halifax can make it a condition of the mortgage offer that this happens.

seanwinf

Thats great then thanks always helps have a little knowledge when doing these things i think