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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
When to inform current mortgage provider of sale
ncrawley
Posts: 243 Forumite
Hi, we have had an offer accepted on our house, and also had an offer accepted on a house we want to buy. Solicitor has been instructed and the mortgage process has been started. We currently have an outstanding mortgage with another lender and will be paying this off with the sale of our house. We know roughly the amount needed to pay off (including the early repayment fee) as we had this confirmed to us at the back end of last year when we started to think about moving.
However, we haven’t mentioned anything about the house sale to them yet. The question is, do I need to get in contact with them to let them know what is happening, or will my solicitor deal with all this on my behalf?
Thanks
However, we haven’t mentioned anything about the house sale to them yet. The question is, do I need to get in contact with them to let them know what is happening, or will my solicitor deal with all this on my behalf?
Thanks
0
Comments
-
You don't.
Your solicitor will obtain a redemption statement when necessary and forward it to you for checking.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, 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. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Your conveyancer/solicitor will do it.I am not a cat (But my friend is)0
-
Thanks guys, that!!!8217;s what I was hoping!0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.5K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.4K Work, Benefits & Business
- 604.2K Mortgages, Homes & Bills
- 178.5K Life & Family
- 261.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards