When to sell before fix is up?

[alazuli]

Sorry if this is a dumb question. But how many months ahead before your fix would you put your house up for sale? 3 given that this is the average time it takes for a sale to go through?

And if for some reason it takes longer and your fix finishes would you just pay the standard variable rate?

Well, it's difficult to time it. You don't know how soon you'll get an offer, how long the chain will be and how well it will all progress. I'd probably start advertising a bit sooner than just 3 months before the fix is up.

You just move on to the standard variable rate after the fixed term of your mortgage is up. If you sell before the end of the fixed term, there is usually an early repayment fee to pay calculated on a sliding scale, so if it's very close to the end of the term there probably won't be much of a fee. Check your documents to find out how much

Thanks both. Very helpful!

I would say 3 months BUT if you remortgage with the same company (especially if your borrowing more money) when you move you can usually get the fee waived for coming out early x

I've sold twice before the end of a fixed rate. First time I'd not long remortgaged so I had to pay the whole fee!! (Job change made the move necessary)
The 2nd time they waived the fee because we stayed with the same lender.
Is your mortgage a portable one? I've done that before too - you basically take the mortgage with you to buy your new house!