Help! Urgent advice required

hpjpmpmp

minimike2 wrote: »

Ok, yep product sounds about the best you will get...but why only 2 years fixed? Especially if you are wanting to start a family....you might want to consider a 5 year for longer term stability. Unless there is a specific reason for a 2 year deal they do not currently represent good value (and by good reason I dont mean so that your broker can re-do the mortgage in another 2 years to get another commission!!)

Trouble is with interest only is that you will get used to the lower payment. You may have good intentions now of going back onto repayment, but the reality is that you will spend the money on other things and then wont swap it back. If you can afford the payments on capital and interest then that is the best way to do it, and lets face it, the difference between the two is pretty small.

ok - we have gome fpr repayment but over 30 years making payment per month only £100 more than interest only