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Can somebody help???
richiem1234
Posts: 12 Forumite
The situation is mortgage of about 25k roughly on fixed until 2011 but i am paying 5% don't want to move it as there are fees. Can i pay it off but keep a pound in it to keep the account open? Is this possible?
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Comments
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I was in a fixed rate deal with about a year to run. I paid it off leaving £1 outstanding, I did have to pay an early redemption fee but it worked out a lot less than another years interest. I can also "draw back" the overpayment if I need to as my account is still open. I was with Nationwide.Don't wait for your ship to come in, swim out to it.0
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why not speak to your bank or building society they will be best informed to help youMortgage Start jun 2007 £88500 Outstanding Balance £51000
Overpayments 2007 Nil 2008 £1040 2009 £7853 2010 £10000 2011 aiming for £18000 (6k so far)
The Early Bird Gets the Worm, but the Second Mouse Gets the Cheese!!0
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