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What to do and when???
Daniel123480
Posts: 1 Newbie
Hi, I am looking for some advice on what to do??? I currently have a two part Fixed Repayment Mortgage split as follows:- Part 1 is Fixed at 6.59% and it ends 30/09/09 and has an early repayment charge of £679, Part 2 is Fixed at 5.65% and it ends 31/01/11 and has an early repayment charge of £750.
What I am thinking.... Start shopping now for a Fixed rate Mortgage and pay the early repayment charge on Part 2 and start the new Mortgage in October this year to avoid the penalty in part 1. My Mortgage is £67,000 which ideally I want to pay off in 15 years. I want a Fixed rate Mortgage because it offers that security of knowing what your paying each Month however depending on the response to this, I will consider all options!
What I am thinking.... Start shopping now for a Fixed rate Mortgage and pay the early repayment charge on Part 2 and start the new Mortgage in October this year to avoid the penalty in part 1. My Mortgage is £67,000 which ideally I want to pay off in 15 years. I want a Fixed rate Mortgage because it offers that security of knowing what your paying each Month however depending on the response to this, I will consider all options!
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