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Debate House Prices


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negative equity, bought a lemon, now working over seas

123457»

Comments

  • Dithering_Dad
    Dithering_Dad Posts: 4,554 Forumite
    Mortgage-free Glee!
    blahbob wrote: »
    I think it pretty unlikely, that would open the doors to all sorts of weired and wonderful schemes.The best way to stop making a loss on my rent income is to find 40K from somewhere.

    Why not just go interest only on the mortgage and then make adhoc capital payments whenever you have spare cash? I enquired about this with my mortgage provider (standard life) and it'll cost £35 to change my repayment mortgage to interest only.

    p.s. Make sure you can actually make overpayments without penalties - some allow unlimited, some upto a max of 10% and some don't allow them at all.
    Mortgage Free in 3 Years (Apr 2007 / Currently / Δ Difference)
    [strike]● Interest Only Pt: £36,924.12 / £ - - - - 1.00 / Δ £36,923.12[/strike] - Paid off! Yay!! :)
    ● Home Extension: £48,468.07 / £44,435.42 / Δ £4032.65
    ● Repayment Part: £64,331.11 / £59,877.15 / Δ £4453.96
    Total Mortgage Debt: £149,723.30 / £104,313.57 / Δ £45,409.73
  • keeprenting
    keeprenting Posts: 71 Forumite
    blahbob wrote: »
    I think it pretty unlikely, that would open the doors to all sorts of weired and wonderful schemes.The best way to stop making a loss on my rent income is to find 40K from somewhere.

    All sorts of weird and wonderful schemes do exist, you know. That's what tax lawyers are for. :)
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