What Happens When You Sell A House With A Mortgage?

What Happens When You Sell A House With A Mortgage?

Understanding how mortgages work and the process when you sell your property

Your privacy is important to us. By sending this you agree that only First Choice Finance may use these details to contact you. Any data we hold for you will be handled in accordance with our PRIVACY NOTICE.
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
4.5% APRC
Representative Example: Borrow £80,000 over 25 years At 4.6% Variable, £461.95 for 300 months.
Total Payable £138,585. Total Cost Of Credit £58,585 (incl £1360 fee)
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Security is required on immovable property.



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 The Old Courtyard, 103 Buxton Road, High Lane, Stockport, Cheshire. SK6 8DX. Copyright protected.