Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

    • lucy632
    • By lucy632 13th Oct 19, 9:19 PM
    • 4Posts
    • 0Thanks
    Selling after 6 months
    • #1
    • 13th Oct 19, 9:19 PM
    Selling after 6 months 13th Oct 19 at 9:19 PM
    So 6 months ago I bought my ideal flat- first time buyer and everything was great. Now I am wanting to move out due to a whole load of issues with the flat and surrounding area. Iím only 6 months into a 5 year fixed mortgage. Is it possible to move and buy another flat thatís worth about £40k more and carry my mortgage over??? (and possibly change the loan to value ratio)
    i am looking at part exchanging so hopefully can part with my flat easily.
    Any advice appreciated
Page 1
    • Trying to be good
    • By Trying to be good 13th Oct 19, 9:44 PM
    • 1,937 Posts
    • 2,430 Thanks
    Trying to be good
    • #2
    • 13th Oct 19, 9:44 PM
    • #2
    • 13th Oct 19, 9:44 PM
    Yes, in theory, subject to a load of caveats.
    It will be expensive in fees and charges.
    Youíll need to admit any issues with the property/neighbours etc.
    Part-exchange wonít maximise what you could sell for but does simplify the chain.
    Have a chat to your lender, or broker if you went through one.
    Mortgage Free thanks to ill-health retirement
    • ccbrowning
    • By ccbrowning 14th Oct 19, 7:57 AM
    • 225 Posts
    • 245 Thanks
    • #3
    • 14th Oct 19, 7:57 AM
    • #3
    • 14th Oct 19, 7:57 AM
    Check your mortgage early repayment charges and if it is portable.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

2,835Posts Today

7,454Users online

Martin's Twitter