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  • FIRST POST
    • DDuff
    • By DDuff 14th Apr 18, 6:34 PM
    • 1Posts
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    DDuff
    Mortgage Help!
    • #1
    • 14th Apr 18, 6:34 PM
    Mortgage Help! 14th Apr 18 at 6:34 PM
    I just need some advice really... Iím currently saving in a help to buy isa and looking to put a 5/10% deposit for a mortgage. Iím not really sure how it works, but if I put the deposit and get a mortgage for £175,00 say but then in like 10 years I wanted to move home or location what would happen to the mortgage? Would I still be paying it for that property or could I sell the property and use the money to pay off the mortgage / use for another property.

    Thanks
Page 1
    • flashg67
    • By flashg67 14th Apr 18, 6:44 PM
    • 2,579 Posts
    • 1,693 Thanks
    flashg67
    • #2
    • 14th Apr 18, 6:44 PM
    • #2
    • 14th Apr 18, 6:44 PM
    Normally, you'd redeem your mortgage when you sell, and take out a new mortgage for the new property - this would happen at the same time/same day - hence why buying & selling at the same time is so stressful! Buying with nothing to sell is much easier!
    • Slithery
    • By Slithery 14th Apr 18, 6:48 PM
    • 820 Posts
    • 1,286 Thanks
    Slithery
    • #3
    • 14th Apr 18, 6:48 PM
    • #3
    • 14th Apr 18, 6:48 PM
    I didn't think it was possible to get a mortgage for less than £30k?
    • G_M
    • By G_M 14th Apr 18, 8:46 PM
    • 45,321 Posts
    • 54,321 Thanks
    G_M
    • #4
    • 14th Apr 18, 8:46 PM
    • #4
    • 14th Apr 18, 8:46 PM
    I didn't think it was possible to get a mortgage for less than £30k?
    Originally posted by Slithery
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