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Question about which mortgage?
Turin_Turambar
Posts: 78 Forumite
This is a hypothetical question, just thinking out loud...
Say I can lay my hands on £50k for a deposit on a house which is worth £100k, and still have 20k in a isa, for emergencies etc.
I get 1.8k pm, so could easily pay off a fixed rate, tracker mortgage over 20 years.
But would a off set mortgage be any good. I'm looking to pay off the mortgage as soon as posss.
Thanks for any replies
Say I can lay my hands on £50k for a deposit on a house which is worth £100k, and still have 20k in a isa, for emergencies etc.
I get 1.8k pm, so could easily pay off a fixed rate, tracker mortgage over 20 years.
But would a off set mortgage be any good. I'm looking to pay off the mortgage as soon as posss.
Thanks for any replies
There are many things I'd like to say to you, but I don't how...
0
Comments
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Yes, in a word. Off setting is one way of you paying your mortage off more quickly.Happily an ex mortgage broker!0
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