We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 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!
Repayment or interest only
luckyjim_3
Posts: 10 Forumite
please help i have recently retired from the civil service
in receipt of employment support allowance and pension is due late january.
but because my wife has state retirement pension .I cannot get pension credit.income is going to be rather stretched.
I have repayment mortgage with 4 years and 9 months to run( £19200) the interest on this is approx £96 per month.
If i repay my mortgage from my lump sum benefits people will start asking questions.
should i switch to an interest only mortgage.?
If i keep paying a repayment i will have to dig into my lump sum.
in receipt of employment support allowance and pension is due late january.
but because my wife has state retirement pension .I cannot get pension credit.income is going to be rather stretched.
I have repayment mortgage with 4 years and 9 months to run( £19200) the interest on this is approx £96 per month.
If i repay my mortgage from my lump sum benefits people will start asking questions.
should i switch to an interest only mortgage.?
If i keep paying a repayment i will have to dig into my lump sum.
0
Comments
-
Why post the same questions twice within a couple of hours?
http://forums.moneysavingexpert.com/showthread.html?t=2175263&highlight=0 -
do you still put your loo9se change in there as well0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.5K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.5K Spending & Discounts
- 245.5K Work, Benefits & Business
- 601.5K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards