Home Move: Property Forums
The UK's independent property information site
|   Home  |   News  |   Guides  |   Forums  |  

Go Back   Home Move: property forum > Property Forums > Mortgages
Remortgage Remortgage

Register FAQ Calendar Search Today's Posts Mark Forums Read

Mortgages Discussions on choosing a mortgages and mortgage options available.

Reply
 
Thread Tools
  #1 (permalink)  
Old 05-10-2009, 09:30 AM
Junior Member
  
Join Date: May 2009
Posts: 1
Default Remortgage
I am moving to a house of equivalent value, do I need a deposit if I'm staying with my mortgage provider.
Reply With Quote
  #2 (permalink)  
Old 05-10-2009, 01:28 PM
Member
  
Join Date: Mar 2009
Posts: 72
Default
You need to speak to your mortgage provider. Many mortgages are portable, which means that you can move it from one property to another with no penalties. Now, to me, if the sale of your house is the same as the purchase price of your new house, then effectively, you have nothing to lose as I see... however, you will still be liable for any legal fees.

I am not a financial advisor or anything like that... just saying how I see it. Speak to your advisor. That is what they are paid for.
__________________
Community spirited? http://www.AshfieldFOCUS.com
Reply With Quote
  #3 (permalink)  
Old 05-11-2009, 10:11 AM
Property Forums
  
Join Date: Apr 2009
Posts: 7
Default
Quote:
Originally Posted by sw31877 View Post
I am moving to a house of equivalent value, do I need a deposit if I'm staying with my mortgage provider.
Is it your mortgage portable? if it is, it shouldn't be a problem
Reply With Quote
Reply

« How do i buy our dream 400k Property? | Mortgage servicing costs lowest in 5 years »
Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off

 
» Property Boards
Buying Property Selling Property Estate Agents Solicitors & Legal Builders & Developments
Property Development Home Improvements Buying Property Abroad


All times are GMT +1. The time now is 04:57 AM.

Home Move - Top

Powered by vBulletin® Version 3.7.2
Copyright ©2000 - 2010, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.1.0 ©2007, Crawlability, Inc.

Important Notice: HomeMove.co.uk does not provide professional advice on any aspect of buying, selling, developing or investing property. All posts are provided as lay opinions and not personal professional guidance. You should always seek a qualified professional for professional advice in relation to your personal circumstances. The HomeMove.co.uk forums are not monitored, and the site administrators cannot be held liable for the content of the forum. If you have any objection to any post on the forums, please either use the Report Post feature, or else Contact Us to ensure such content is properly dealt with. We are not responsible for third party links on the site.