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!
2 years into a 5 year fixed term mortgage and we want to move house...
Comments
-
*** Main Body should say bought at £140,600 with a mortgage of 126,000 we had a 10% (£14,000) deposit0
-
yes sorry! I meant to say mortgage of £126,000. we estimate that we will have around £15,000 equity and our initial deposit was £14,000.0
-
Ring your mortgage lender or check online to see what the mortgage balance is today.
Moving is expensive with stamp duty and other costs so start saving0 -
We're porting our fixed rate to a new build which we've part exchanged our current property for, and haven't got to pay the ERC.
Might be worth checking with the bank what the minimum % deposit they want for a new build from your particular builder, as they can have set figure.0 -
bearkardashian wrote: »yes sorry! I meant to say mortgage of £126,000. we estimate that we will have around £15,000 equity and our initial deposit was £14,000.bearkardashian wrote: »we bought at 140,600 and it is now estimated to be worth between 156,000 and 159,000.
you will have paid off some of the mortgage(£5k ish).
current equity should be around £35k at £156k0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.7K Mortgages, Homes & Bills
- 177.5K Life & Family
- 258.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards