Looking for a bit of mortgage/moving advice/pointers please.

dozzer

Hi all, as the titles says I'm just after a bit of advice or pointers.

Currently I have a mortgage 4 years remaining of a 5 year deal.  

I'm not 100% happy where i am at the moment and will definitely move at some point but I don't know what's best, is it better to use the remaining 4 years of my mortgage to hammer it down and take more off the balance so I have more to put down on a new place and don't need to worry about fees or porting my mortgage? Or better to try and port it and of needs be see if I can get some extra if the place I found was more expensive? 

Also all of this being new to me how do you actually place an offer on a place if I was to find somewhere I liked and am still in my mortgage?  Do i need to say it's a offer subject to sale of my place? Or do I sell up first etc? Will I need saving or would the money in the house be acceptable already? 

As I say it's all new to me and would be grateful if any advice or recommendations no matter how big or small. 

Thank you for reading my post.

Additional info if it were to make a difference. I have approx £126k of a mortgage remaining on house valued approx £160k. 4yrs mortgage remaining at around 2.4% 

Slithery

dozzer said:

Also all of this being new to me how do you actually place an offer on a place if I was to find somewhere I liked and am still in my mortgage?  Do i need to say it's a offer subject to sale of my place? Or do I sell up first etc? Will I need saving or would the money in the house be acceptable already?

In the current climate most EA's won't even let you view properties unless you've already accepted an offer on your current property.

dozzer

Slithery said:

dozzer said:

Also all of this being new to me how do you actually place an offer on a place if I was to find somewhere I liked and am still in my mortgage?  Do i need to say it's a offer subject to sale of my place? Or do I sell up first etc? Will I need saving or would the money in the house be acceptable already?

In the current climate most EA's won't even let you view properties unless you've already accepted an offer on your current property.

So it would be a matter of me taking the first move putting place up for sale before looking at potential properties and taking a bit of gamble that something will crop up within the right time? 

user1977

dozzer said:

Slithery said:

dozzer said:

Also all of this being new to me how do you actually place an offer on a place if I was to find somewhere I liked and am still in my mortgage?  Do i need to say it's a offer subject to sale of my place? Or do I sell up first etc? Will I need saving or would the money in the house be acceptable already?

In the current climate most EA's won't even let you view properties unless you've already accepted an offer on your current property.

So it would be a matter of me taking the first move putting place up for sale before looking at potential properties and taking a bit of gamble that something will crop up within the right time? 

And/or being prepared to find somewhere else to live while you look.