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| We live in a duplex and we have the upstairs apartment. Our downstairs neighbors are extremely inconsiderate as far as noise level goes. The girlfriend, who moved in a few months ago, doesn't ... |
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| My fiance and I have recently bought a house and moved out of our apartment. When we did the final walk through at the apartment they said their only concern was a small dirt stain in the living ... |
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 Have you recently sold your house?how long was it on the market for? |
do you think the sales of houses has slowed down?
Additional Details
I'm selling my house and just interested how long it will take to ... |
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 My husband died and I would like to add my sons name on the mortgage.? |
He does live with me and If something were to happen to me I wouldn't want him to have to move.How much of a hassle is it?
Additional Details
He is 40 and he wouldn't take the ... |
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 How hard is it to sell a house nowadays? |
if someone has had a house for awhile,,,say 20 years,, how hard would it be to sell it?
why so??
thanks for your answers!
Additional Details
house is outside of ... |
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| I have a scheme brewing inside my mind, however I don't know if its possible, or even legal. So, suppose I get a home loan. Do I necessarily HAVE to use it towards a house?... |
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 Buying a House/Condo? |
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A car crashed into my bf's house on saturday. The pillar and railings on the boundary of the property are destroyed.
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| I live in a quadplex... its basically 3 rooms (Bedroom, Bathroom, and Living/Dining/Kitchen) roughly 500-600 sq ft. These apartments were made pretty cheap... and our toilet & bathtub overflowed ... |
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Richard O | I want to sell my house and buy a new one and need some help please!!!? |
Myself girlfriend and I bought a new house 12 months ago for £167500. We borrowed the full amount on a 3 year fixed rate deal. Our circumstances have changed and we now want to sell this property (valued at £180000) to buy a bigger house worth £300000. We have made payments of £13000 off of the mortgage. Will the money we have paid off and the additional value of the property mean that we would only need a mortgage of £274500 (£300000 minus £13000 mortgage payments minus additional value of house at £12500)? Any help would be appreciated. |
 |
 
ish
 |
Your forgetting the nasty sting of the 3 year fixed rate deal that you took out with the society, you have to repay the penalty for ending the fixed rate early which will be in the terms of the offer somewhere.
I would look this up as it may be very hefty. Have you had the house valued, as most homes have gone down in value not up and it buyers within the last 2 years who are being hit the hardest by the drop in value, your mortgage statement is going to be a shock too, as the repayment wont have reduced your loan by very much either.
Look at the statement and the terms of the loan its not going as well as you think it is. |
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claire
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whatever the value of your property you have stamp duty and solicitors fee to take into account. |
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beth x
 |
A valuation means nothing really. Your house is only worth what someone will pay for it, and in these lean, mean times I would actually go see an independent financial dude and find out what mortgages would be available to you in the current climate and taking into account any equity you may have.
Remember to add on solicitors fees (for selling and buying), estate agents fees and stamp duty it all adds up, and on a £300,000 property, your equity is negligible so your mortgage repayments will be very high. |
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homebrewbeermonster
 |
check your anual mortgate statment to see how much capital you have paid off
dont forget to include any buy out fees for your existing mortgate, solicitors fees, land searches, surveys and stamp duty. |
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TallPaul
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You need to find out how much you owe on your current mortgage. I reckon some (or most) of that £13k will have been interest.
Only then will you know how much you need to borrow.
Best of luck selling in the current climate though...
Edit: LOL! Don't you love it when people like "Real Estate Guy" (only 12% best answer compared with my 20%) assume the US system for buying/selling property is the only system used on the planet? Newsflash: IT ISN'T. Why do moron Yanks see the £ in the question knowing full well it's a UK question yet still feel they know the answer? |
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ste_pej
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It's very difficult to say how much you still owe on your current mortgage. What you need to do is to get a 'redemption figure' from your current lender. This will tell you how much you would owe them should you terminate the mortgage.
Only then will you be able to work out the maths |
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Acka
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No, if you have a repayment mortgage, they take the interest from your payments.
Get a mortgage valuation from you mortgage co to see how much you have paid off your borrowings. |
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Real Estate Guy
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I assume you have NOT made any additional payments except for the 13,000 in monthly payments.
You borrowed 167,500. After a year, you owe about 167,000. Most of your monthly payments went to interest. Your monthly mortgage statement should have the current balance. If not, call your lender.
If you sell the house at
180,000 (sales price)
(-) 12,000 in expenses
(-) 167,000 the mortgage outstanding
(=) 1,000 PROFIT
NEW HOUSE
300,000 purchase price
(+) 9,000 closing costs
(-) the new mortgage of 300,000
(-) the 1,000 profit from old house
(=) 8,000 to buy the new house |
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