📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Advice on buy to let mortgage from 2004

We applied for a mortgage in 2004 for £50,000 over 10 years.This was for a garden room in our own house on which we owed no money. We were advised by Nat West that the best and easiest way to borrow the money was with a buy to let mortgage as we also own a couple of properties that have no mortgage. We have to pay 62 payments at a fixed rate of 5.95% (£553.85) until 31/1/10 and then 58 payments at a variable rate (Which was 7.29% at the time of taking out the mortgage) - £582.21
We feel now that we have paid far too much for this mortgage and hope to reduce the payments somehow. Any advice please:confused:
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.3K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.8K Spending & Discounts
  • 244.3K Work, Benefits & Business
  • 599.5K Mortgages, Homes & Bills
  • 177.1K Life & Family
  • 257.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.