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  • FIRST POST
    • debs3693
    • By debs3693 12th Feb 18, 9:49 PM
    • 24Posts
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    debs3693
    Calculator Possible Early Redemption and Re-mort?
    • #1
    • 12th Feb 18, 9:49 PM
    Calculator Possible Early Redemption and Re-mort? 12th Feb 18 at 9:49 PM
    Hello we have a fixed rate mortgage which only allows 10% extra repayment on top. We have some savings now which means I would like to work out if we are better off redeeming our mortgage early and paying the early redemption penalty and then re-mortgaging for a lower amount of money? The calculator on this site doesn't seem to allow for the new mortgage for a lower amount. Can you point me to any calculators that may help please?
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    • Blackbeard of Perranporth
    • By Blackbeard of Perranporth 12th Feb 18, 9:55 PM
    • 4,817 Posts
    • 29,248 Thanks
    Blackbeard of Perranporth
    • #2
    • 12th Feb 18, 9:55 PM
    • #2
    • 12th Feb 18, 9:55 PM
    How much is the penalty

    How much can you pay off

    How long is my little finger

    The choice is yours!

    With mortgage interest rates low, is it worth it!
    Every fairy story always ends the same way
    Hope, then tragedy at the end of the world!
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