Recession Risk As Britain Reels From...
News0 min ago
Good Afternoon
I have only ever brought one house in my life (my current abode) but wanted to know how buying and selling works - in plain English please.
I brought my current house for £240,000 with a £35,000 mortgage - I have £20976.36 outstanding! I have put my house on the market at £300,000 and made an offer on a house at £300,000 - surely I will be mortgage free? or am I missing something. sorry for a question you might think is silly but if you have never done this before - how am i supposed to know.
Thanks in advance for help
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