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Using money from house sale to pay off loans before starting new mortgage

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Gadget_man
Gadget_man Posts: 2 Newbie
Fifth Anniversary
in Mortgages & endowments
We are looking to move house and I have considered using some of the profit from the sale of our house to pay off existing debts. Effectively adding them to the new mortgage, we would still be left with a sizeable (around 30%) deposit and i would be looking to pay off around £15,000 of debt. Is this even possible? I appreciate it will cost more over the life of the mortgage (likely 15 years)

Thoughts appreciated
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