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Should I use cash deposit to pay off previous mortgage?
Nashie83
Posts: 20 Forumite
I am selling my house and buying a new one with my husband (who has no house but comes with a cash dowry 
)
Should i pay off my existing mortgage (£50k) with our combined cash, or just let the proceeds of my house sale cover that as it normally would?
Can't find any info on this anywhere and spoke to our potential new lender who said it didn't make any difference to them but an estate agent said it might save me £150 as my solicitor wouldn't have to deal with my old lender. Anyone know for sure?!
Cheers
)Should i pay off my existing mortgage (£50k) with our combined cash, or just let the proceeds of my house sale cover that as it normally would?
Can't find any info on this anywhere and spoke to our potential new lender who said it didn't make any difference to them but an estate agent said it might save me £150 as my solicitor wouldn't have to deal with my old lender. Anyone know for sure?!
Cheers
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