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How does remortgaging work? Can I cash out
PineapplLove
Posts: 6 Forumite
Hi
I took an 18 year mortgage a year and a half ago.
by the time my 2 year term is up I'll have 55k in the house.
I've recently been viewing houses in Scotland that are going for 40k. Is there a way to pull my money out of the house?
Ie. sell up and then get my 55k that I've paid into the house
I took an 18 year mortgage a year and a half ago.
by the time my 2 year term is up I'll have 55k in the house.
I've recently been viewing houses in Scotland that are going for 40k. Is there a way to pull my money out of the house?
Ie. sell up and then get my 55k that I've paid into the house
0
Comments
-
Of course. You sell the house and take any equity.
But that's not remortgaging. That's selling a house.0 -
Up here it's mainly offers over, so your £40k property might not be as cheap as you think.Mortgage started 2020, aiming to clear 31/12/2029.0
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