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
Paying off Mortgage before moving house with another mortgage.
tris39
Posts: 30 Forumite
Hi
I am in the position that I am able to pay my mortgage off before moving to more expensive property in the next 6 months. I will be getting another mortgage, on a better deal as part of the move.
Will it reduce the admin headache or cause me any issues by doing this?
Thanks
I am in the position that I am able to pay my mortgage off before moving to more expensive property in the next 6 months. I will be getting another mortgage, on a better deal as part of the move.
Will it reduce the admin headache or cause me any issues by doing this?
Thanks
0
Comments
-
It will make little difference.
You need to pay off the mortgage before you can sell your current home.
If you do it now or the day you move home you still need to clear the debt.
One less thing to worry about so yes clear the mortgage asap.1
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
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards