Once you buy a house, you aren't just paying for the house — you might be also generally paying interest on the mortgage loan. This is actually the price the financial institution is charging you for giving you a bank loan.In case your mortgage features a prepayment penalty, your lender may well cost more costs when you repay your mortgage early.
This could increase your selling fees by thousands of pounds. Ask your lender In case you have a mortgage loan prepayment penalty as early as you possibly can, Preferably just before Placing your property out there.Plus, living in your house for two years in advance of selling will very likely exempt you from funds gains taxes on the profits. Want
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