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
as the name suggests
portable_mortgage???
Posts: 2 Newbie
As the name suggests I am extremely confused by the 'portable mortgage'. My house will shortly be going on the market at offers over 155k. We owe on our mortgage 102k. Our mortgage advisor suggested a 'portable mortgage', where he said that our mortgage is transferred to a new property. New property will be in the region of 80k, and although he did sort of explain it to me I still do not understand how this works and what I will have at the end of the day - a 'new mortgage', the same mortgage - cash left over??????
Replies will be much appreciated - (for some reason I cannot get this info into my head - enid blyton version welcome)
Thanks
Replies will be much appreciated - (for some reason I cannot get this info into my head - enid blyton version welcome)
Thanks
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 247K Work, Benefits & Business
- 603.6K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards