Selling

What happens to my mortgage when I sell?

Updated September 2026England & Wales2 min read

The short answer

Your solicitor gets a redemption statement from your lender and pays off the mortgage from the sale money on completion. The balance is sent to you, usually the same day. Check for early repayment charges, or whether you can move (port) your deal.

How can Properfy help?

Not sure what you need? Tell us about your move and we’ll help you work out the next step.

Questions this guide answers

  • What happens to my mortgage when I sell?
  • How do I redeem my mortgage?
  • When do I receive my money?

Tell us about your move

Buying, selling, remortgaging or simply not sure where to start? Tell us what you’re trying to do and we’ll help you work out what you need.