Hi,
So our fixed rate ends in December and we’re wanting to move house ideally before the end of the year or at least be deep into the process. This is all so we can be in a new area for school applications (deadline January).
Issue is we both have some debt that needs to be gone first to get a mortgage in the price range we want but not possible as I’m on Mat leave so things are tighter at the moment. Yes forward planning would have better but shit happens and here we are!
My question is if we remortgage in the next couple of months and take some money out to pay our debts how soon after can we get a new mortgage to move house? Is there a time limit most lenders have? Or how common/easy is it to port a mortgage? Has anyone done this?
Don’t really wanna waste mortgage advisors time on just a couple of questions so any an advice/experience would be welcome. Thanks ☺️