Mortgage Help/Advice

blueskiesahead123

Hi, 
Hoping for some advice. 

Current Situation:
My partner has cash savings ready for when we purchase a new house but he isn't on the deeds currently for the house. 
I am coming to the end of my mortgage (end of this month).
I still have a mortgage of £173,000 (26 years left) the value of the house is £675000 and my partner and I in the near future (next few months) want to buy something together (sell the above house)

Does anyone have experience in this. The variable rate Halifax is offering me (my current provider) is around 8% so looking to avoid that!

a) remortgage for more money (as the house we want to buy or are looking at is around £750K) so get a mortgage on my current house for £173,000 + £100k and take equity out / put in a savings account until we move? We will then need to port?
b) remortage for the same amount on my own - perhaps with a tracker mortgage with no early repayment charge? When can I sell the house if we do this?
c) do something else - take a second product out when we move?
d) go onto the variable rate?

Help and advice would be amazing. Thanks, S (by the way I don't want to stay in the house we have as have been there a long time and it's time to move on) 

amnblog

You don't want to be paying 8.24% whilst you wait to sell your property.

You can take a rate now, and subject to Halifax granting a new mortgage on the purchase, you can take that rate with you without paying an early repayment charge.

In these cases it makes sense to contact an independent mortgage broker.

Why?

1. A broker can confirm affordability for the new property and check your options
2. A broker can access a wider range of product options from Halifax