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Help And Advice Plaease!!!!!!
sheenachambers
Posts: 2 Newbie
hi there I was wondering if anybody can help me or give me some advice. I have a fixed term repayment mortgage with Nationwide that finishes in August 2009. After that date I only have 8 years left with £40,000 to pay. I would like to pay it off before the 8 years are up but am unsure of my options as I am most likely going to be made redundant by January 2010. Any help would be greatly appreiciated.
Many Thanks
Mrs S Chambers
Many Thanks
Mrs S Chambers
0
Comments
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Not quite sure what you are getting at. If you are expecting to be out of work is not just keeping up the payments going to be as issue, let alone paying off early?0
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You could get a 5 year fixed rate in August but keep the 8 year term. You could then try to make enough overpayments to finish off the mortgage in the 5 years, depending on how your income is.0
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