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Fix the move?
Paton147
Posts: 61 Forumite
Supposing our house is worth 200k, and we fix on a long 10 year deal at sub 70%, what happens if we move and require additional borrowing? Surely the original fix at the 70% LTV remains in place?
0
Comments
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Surely it depends on the specific terms of your 10 year deal?0
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You will need to understand if the product if portable.0
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You need to read very carefully what your signing up too.
All Fixed rate deals have ERC,s ( early repayment charges )
What happens if you want to move in 2/3/4/5 years and your lender said NO we will not lend you the money you want to get a bigger property.0
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