Mortgage and fixed rate advice UK?

Hi, really need some advice...


bought my house 2 years ago, and the mortgage i took was a fixed deal for 5 years.





I really now want to move home, can i do this while im tied into this deal?





Its not about trying to get a better mortage rate or anything, I just really need to move...





all advise appreciated


thanksMortgage and fixed rate advice UK?
It would depend on the type of mortgage that you have. If it is a portable mortgage then you can move the mortgage to the new property.





If not you would have to pay a penalty of typically 3% of the mortgage value to get out of the deal early.





You need to check the policy document of your mortgage to see if it is portable or what the penalty is for leaving early. Alternatively contact your lender who will be able to tell you the information you need.Mortgage and fixed rate advice UK?
Yes you can move, you are still tied to the 5 years deal but not to the property you are in. You need to basically move the mortgage with you. Go and speak to the bank or whoever it was you go tthe mortgage from and ask what you have to do, because each lender is different and have different charges etc. You are not tied to your property and are free to move, you just take the mortgage with you! good luck finding a new home.