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Looking to Move, Mortgage up at the end of October

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Currently have a mortgage with NatWest. Ends at the end of October. Looking to move and pay some debt off. 57k left on the mortgage so hoping to sell for around 300k and lend around 130k to move and pay some debt off. My 57k mortgage only has 5 years left. Any advice ? 

Comments

  • penners324
    penners324 Posts: 3,511 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    October next year?

    House buying & selling can take 3+ months.

    Remortgaging can take 8 weeks....
  • Hoenir
    Hoenir Posts: 7,742 Forumite
    1,000 Posts First Anniversary Name Dropper
    Fix your current mortgage at the cheapest possible rate with the existing lender. When the time comes to move. Borrow what you need to. Be a while you move I'd suggest. 
  • I have probably underestimated the time it’s takes to move house slightly 😬
    So with my mortgage being up is it best I just leave my mortgage as if I lock in with a fixed term won’t I have to pay to escape ? Can I get a mortgage which means I can leave within 6 months to a year ? 
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