Myself and a friend bought an apartment together 10 years ago.
We now want to sell if possible.
Outstanding mortgage is 201500. We have an offer of 200000.
We will have to pay solicitor, estate agents plus management fee (we currently pay by SO so presumably we will have to pay balance for year but could be wrong there)
I have no savings so would be looking at borrowing maybe 5/6K to cover my half of these items.
However I've just realised there could be a penalty from bank - EBS. Mortgage was 35 years.
Anyone any experience?
We now want to sell if possible.
Outstanding mortgage is 201500. We have an offer of 200000.
We will have to pay solicitor, estate agents plus management fee (we currently pay by SO so presumably we will have to pay balance for year but could be wrong there)
I have no savings so would be looking at borrowing maybe 5/6K to cover my half of these items.
However I've just realised there could be a penalty from bank - EBS. Mortgage was 35 years.
Anyone any experience?