We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
35 year mortgage want to reduce how easy is this to overpay
Comments
-
6.94% is not that mad on a 100% mortgage in todays market
the main thing to aim for is too try and build up 10% equity in your home while on this rate and overpay whatever you can afford.
look at all the tips on here to save money, earn extra money and keep up the good work RE overpaying0 -
staceydaisy wrote: »dimbo61 my rate is 6.94 mad i know. im hoping to pay a good wedge of then can get a good rate when fixed rate ends
Good luck.
Bear in mind you need to think about market value of your house. As they go down so your LTV goes up and the rates you'll get, get worse. In effect you'll need to OP faster than your house goes down in value.
When does your deal end? When did you buy?0 -
my deal ends mid 2010. purchased the property 2006 im on my 2nd 2 yrs fixed deal.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.6K Banking & Borrowing
- 254.5K Reduce Debt & Boost Income
- 455.5K Spending & Discounts
- 247.5K Work, Benefits & Business
- 604.4K Mortgages, Homes & Bills
- 178.6K Life & Family
- 261.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards