Hi everyone
I moved into my first house just under 2 years ago, however I have not settled since day 1 and want to sell.
I’m on a 3 year fixed deal which ends next summer.
To pay this off now there would be a penalty of about £1,700.
The benefit of paying this off are that I would be free from the house, and that I could then go and buy one in a different area.
Downside is there is no guarantee I could find a new house as my budget isn’t that much higher than before, and the £1700 would be dead money. I’m also worried family/friends might judge me.
I will be borrowing slightly more, so I’d rather not port and just fix it all when I move as interest could be even higher next year.
Is it sensible to list now and take the risk? Or just wait until next spring potentially? I’m not happy here but it makes more financial sense to wait.
Thanks
House dilemma, any advice?
byu/NegativeCondition751 inpersonalfinance
Posted by NegativeCondition751