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
Help! Remortgage or part pay-off & sell?
David_Cd
Posts: 15 Forumite
Should I remortgage?
My 5 year fix of 4.49% with Bradford & Bingley ends early June this year. I have a mortgage of £72,000 on a house worth about £125,000.
I’m new to selling a house. I’m not sure whether to remortgage or to take whatever I’m offered with my current lender until my house is sold. I know I will want to have sold my house in about 12 to 14 months time. (When eventually I do sell I expect to rent for a period before buying again, as I will be relocating elsewhere in the UK.)
Just to add - I have about £25,000 in cash that I could spare to reduce the mortgage, if it was advantageous to do so.
Any guidance very welcome.
Thanks!
David
My 5 year fix of 4.49% with Bradford & Bingley ends early June this year. I have a mortgage of £72,000 on a house worth about £125,000.
I’m new to selling a house. I’m not sure whether to remortgage or to take whatever I’m offered with my current lender until my house is sold. I know I will want to have sold my house in about 12 to 14 months time. (When eventually I do sell I expect to rent for a period before buying again, as I will be relocating elsewhere in the UK.)
Just to add - I have about £25,000 in cash that I could spare to reduce the mortgage, if it was advantageous to do so.
Any guidance very welcome.
Thanks!
David
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