Advice Please

sirdigbychickencaesar

We sold our house a couple of months ago, a couple of weeks ago the chain below broke up. Our buyer has had to put their house back on the market, but at the moment we are leaving ours as sold as we are not in too much of a hurry as the house we were buying fell through too! Anyway.....we had sorted out a new mortgage deal for the new house on a fixed rate tracker which obviously would have started when we moved in. (we are borrowing the same amount as our present mortgage)
On our present house, our 2 year fixed rate has just expired, so now we are paying about 200 pounds more each month.
The problem we have is, we don't know whether we can get a better mortgage deal elsewhere but get tied in and then be charged a fee when we do eventually move and start the other mortgage. But it could be 6 months or more before we eventually move and we don't want to keep forking out the extra money.

foot_loose

why not phone the mortgage company that you are getting the tracker from and take it out on your existing property then move it to your new property when you buy it.

but you have to check that it is a portable mortgage, if it is not a portable mortgage then get one or ask the mortgage company that is going to provide you with the tracker to change it to a portable one


Smiles alround...

ive got a 10year fix rate at 4.99 portable mortgage on one of my properties