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Re mortgaging when made profit on house

[Deleted User]
[Deleted User] Posts: 0 Newbie
First Anniversary
edited 5 November 2020 at 3:45PM in Mortgages & endowments
We bought our house

Comments

  • Penguin_
    Penguin_ Posts: 1,594 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper
    It will remain the same but your LTV ratio will decrease
  • davidmcn
    davidmcn Posts: 23,596 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 5 November 2020 at 3:38PM
    Why would it go down? You can make it go down, if you can afford to. Or make it go up.

    Assuming it's a repayment mortgage, the mortgage balance will be going down every month anyway. But I'm guessing that's not what you mean.
  • foxy-stoat
    foxy-stoat Posts: 6,879 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    c_j_mc said:
    We bought our house
    What an odd post.  What is your question?
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    If you took a mortgage payment holiday then this may impact on what is offered to you in the future. 
  • davidmcn
    davidmcn Posts: 23,596 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    c_j_mc said:
    We bought our house
    What an odd post.  What is your question?
    They were worried about it being a stupid question, and then deleted it when they realised it was...
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