Question for the experts
Currently I have a freehold property rented with a CV of $400k (2011) returning $300p/w and a investment property with a mortgage of $380k returning $440p/w I'm also waiting for another property to go conditional next week (Re:finance). On both properties I'm going to use and have used the the freehold property as security.
If i was to sell the freehold property and then re pay the security back to the bank which is roughly $130k each for both properties (all going to plan) would i be hit with fees for making a lump sum payment? i think i have 1year left on my fixed term.
Currently I have a freehold property rented with a CV of $400k (2011) returning $300p/w and a investment property with a mortgage of $380k returning $440p/w I'm also waiting for another property to go conditional next week (Re:finance). On both properties I'm going to use and have used the the freehold property as security.
If i was to sell the freehold property and then re pay the security back to the bank which is roughly $130k each for both properties (all going to plan) would i be hit with fees for making a lump sum payment? i think i have 1year left on my fixed term.
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