what my best option

juliesg

yes im on off those nr customer on a 2 together mortgage in a way im one off the lucky ones as yet im not in negative equity. i owe bout £136000 when i remortgage next year it be about £135000 at present my property is valued at bout £175000. the thing is i dont think i will beale to remortgage due to think fact i have not got a squeaky clean credit rating at present i am on a debt management plan.so basically i think ive got too options when my deal runs out.
1- to go interest only and try to put money into my mortgage but will i be able to stick to this who knows.
2- go back to 25 years will be at 22 years at end of deal and stay on a repayment.
what do u think would be the best option to do and also can i go back to 25 years

juliesg

anyone...........

_Andy_

What is the motivation for each option? Do you feel you won't be able to afford the new repayments?

juliesg

bascially i will have to go on nr svr so at present i pay £908.61 if i carry once my deal ends i will have to pay bout £1032.07 which i cant really afford if i go onto interest only i will only have to pay £825.07 i would also try to over pay £100 each month but you now how it is that dont always work out. but if i go back to 25 years i would pay £983.63 which at a push i could do