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Fixed rate ending and possible property sale

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  • Emmia
    Emmia Posts: 7,186 Forumite
    Sixth Anniversary 1,000 Posts Photogenic Name Dropper
    Pingu1 said:
    So what do I do about my mortgage?
    If you find a job in London (as I don't think you want to move to Huntingdon/with your work) then you re-fix in June. 

    If you opt to move and sell up then you'll need to either port the mortgage (presuming that's possible) or take a fresh mortgage out for your new property.

    What you do about your mortgage is directly linked to your employment.
  • saajan_12
    saajan_12 Posts: 5,767 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Pingu1 said:
    So what do I do about my mortgage?
    I was hoping that would be inferred from some of the other answers, but to be clear

    Nothing for now with the mortgage. 
    1. Start applying for jobs in London. If you get one, then re-fix your mortgage in June. 
    2. If you don't and decide to move then sell the property next Summer and start looking for properties to buy in Huntingdon. 
    3. If you find a property to buy, then port and refix your mortgage (come back here for help depending on how the timing plays out). 
    4. If you don't find one then sell, pay off the mortgage in Oct and find a rental in Huntingdon - it'll give you some time to get a feel for the area and flexibility in case you want to move back. 
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