Mortgage-Free (soon) advice please

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localboy
localboy Posts: 59 Forumite
in Mortgage-free wannabe
We are about to come to the end of a 7 year capped rate term, we initially borrowed £52k so think that the balance will be approx £44k. We are looking to pay off £30k off the balance and are looking for advice as to which is the cheapest and quickest way to pay off the remaining £14k?
Any help and advice will be greatly appreciated as am new to all this.

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  • roswell
    roswell Posts: 2,447 Forumite
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    Get a morgage where you can pay unlimited overpayments, Get a morgage for the full amount you owe then pay off the £30K Imediately (you will struggle to get a 14 K morgage and your unlikely to find a loan at the same rate as a morgage.
    If it doesnt pay rent sell it.
    Mortgage - £2,000
    Updated - November 2012
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