Renewing the mortgage, then selling & emigrating

dgerrarddgerrard Forumite
55 Posts
Seventh Anniversary 10 Posts
We're on a 5 year fixed, expires in September 2024.

We are currently looking into emigrating back to my home country (Canada) but certain upcoming circumstances may require us to stay until around June 2025.

Let's say we remortgage in September & sell the following June: what is the impact of selling your home soon after remortgaging?  Would it just be, for those ~8 months we would be paying the higher interest of the new mortgage?  Does it make a difference how many years fixed you have when you sell your house? 

And does selling = early repayment, if I'm not porting the mortgage over?  Anyone ever heard of a mortgage you can port to another country?  Opening an Expat Premier account at HSBC, will ask them directly as well.



  • housebuyer143housebuyer143 Forumite
    1.6K Posts
    1,000 Posts First Anniversary Name Dropper
    You would product switch to one with no early repayment charges and then sell it when you are ready.
  • ACGACG Forumite
    22.8K Posts
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Switching products beforehand is fine, but you need to check what the Early repayment charges are on any deal you tie into.
    If you just go on to the standard variable rate, then there should be no ERCs and you just pay the variable rate until you settle up. 
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • user1977user1977 Forumite
    9.9K Posts
    1,000 Posts Fourth Anniversary Name Dropper Combo Breaker
    dgerrard said:

    And does selling = early repayment, if I'm not porting the mortgage over?  
    You can't sell without repaying the mortgage!

Sign In or Register to comment.
Latest MSE News and Guides

Martin and MSE campaign win

April's 20% energy price guarantee hike postponed

MSE News

Childcare budget boost

More support for children from nine months and those on Universal Credit

MSE News

Energy Price Guarantee calculator

How much you'll likely pay from April

MSE Tools