What Happens When You Sell A House With A Mortgage?

If you are selling a property with a mortgage then once the sale has been approved the balance of the mortgage must be paid, this is often held by the solicitor and it is the solicitor`s job to distribute the funds, paying of the outstanding mortgage and giving you the remaining balance.

In some cases you may be able to port the mortgage to another property that you are buying, this will often depend on the mortgage product you have chosen and sometimes you may be charged a porting fee for the mortgage, this is often the case if you are still in the fixed period of your mortgage when looking to move.

Moving House Mortgage

it`s true that buying a house is stressful, but moving home is just as bad. Let First Choice Finance take some of the strain out of this for you with help arranging a home mover mortgage.

We understand the process, we know how to get the best deals out of our lenders, we work with solicitors and estate agents that want to get the job done for you. So talk to us early, we actually enjoy helping people get through this process.

If we make it easier for you, find you the right deal, you will remember us. That`s what we want.

With some excellent deals around at the moment, we can help you move home by finding a home mover mortgage.

Mortgages & Remortgages 8.4% APRC. Representative Example: Borrow £120,000 over 25 years at 5.99%, £778.86 pcm fixed for 3 years at 60% LTV. Then at 8.75%, £974.86 pcm, variable for 22 years. Total payable £286,416. Total cost of credit £166,416 (including: £985 broker fee, £999 lender fee & £164,432 interest)

Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk

Established In 1988. Company Registration Number 2316399. Authorised & Regulated By The Financial Conduct Authority (FCA). Firm Reference Number 302981. Mortgages & Homeowner Secured Loans Are Secured On Your Home. We Advice Upon & Arrange Mortgages & Loans. We Are Not A Lender.

First Choice Finance is a trading style of First Choice Funding Limited of 54, Wybersley Road, High Lane, Stockport, SK6 8HB. Copyright protected.