being a bit dim pls come and help me.

[jellyjelly]

for various reasons i might need to sell my house and i am trying to come up with a plan.

My working on the figures anda ctually trying to get what i want are not coming out right. Who can help me not ot be confused.

My mortgage is 125k i need to get this lower. I am trying to move to a smaller house and i need to know if it will be worth it. I think i have 55k in equity. So i can make the move worthwhile what price house do i need to look for.

it is maybe really simple but i cant get my head around it.

i want a mortgage that is around 100k. So is it 125 - 55k for the equity or what. How do i work it out.

Pls Pls Pls

You will be using £25k of equity to reduce your mortgage to £100k, which will leave you with £30k of equity. In theory you could look at a house that cost £130k, but you will need to take into account the cost of the move - solicitor's fees, agent fees, stamp duty (you may come under the threshold for this).

I would recommend going and speaking to a mortgage advisor.

i have an adviser but i know if i dont try and sort this out it will be in my head all night long.

if i look at one that cost about that, would my mortgage amoutn be 70 or 100k?

start from what you will have when you sell your house minus solicitors and estage agents fees. say 50 k.

then add up what it will cost to move (stamp duty for new house, solicitors fees, removals etc, and remove that from the 50k, leaving you for example, 45k.

add that to a mortgage of 100 k and you can theoretically buy a house worth 145k.