Inheritance vs overpayment?

nbbradshaw

bungalowbill wrote: »

Thanks all for the help. I didn;t quite understand the jargon above (SOA and LTV) but I think I get the gist.

Realistically a lot will depend on how long the money takes to get to me, and what the rates are at the time, but its given me a few pointers so I can do some of my research ahead of time.

Thx

Just to tidy things up:

SOA -Statement Of Accounts, i.e. your income v your expenditure
LTV - Loan To Valuation i.e. your mortgage as a % of the value of you property. You'll find sometimes that there better deals where this is lower because the mortgage lender is taking less of a risk because of the size of the loan compared to the asset (if that makes sense)

anyway good luck