Owning your own home

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user16171 in reply to @Chalfie

You might get a fine for jumping before the end of the fixed term.

We got a three year fixed and are getting charged £6000 for breaking early.

This drops to £2000 if we can drag our feet on completing til August.

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AirTime in reply to @user16171

@WjPrince
why don't you port the mortgage across onto the new place? most mortgage companies allow this with no fee. have you explored this?
out of interest why did you recently go for 3 year fix then decide to sell?

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user16171 in reply to @AirTime

We could do that, but we wouldn't be able to borrow more.

Our circumstances meant that we can borrow quite a bit more now and still be at a good LTV.
So we just factored the break charge into our sale budget and absorbed it.

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