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Remortgaging question
Wi1bur
Posts: 2 Newbie
Hi, I'm after some advice.... I am currently looking at remortgage deals - I want to fix and have been offered a 2 year fixed and 3yr fixed with my current lender A&L.
Although they are fixed they allow over payments of £499 per month....
the 2 year is at 3.5% the 3 year is at 4.74% ..
My question is if I go for the 2 year deal which I can then afford to make over payments will I pay more off the capital than I would if I went for the 3 year deal and just payed the repayments with no over payments ?
I apprecite this may be impossible to answer but is something I want to try to undertsand...
Although they are fixed they allow over payments of £499 per month....
the 2 year is at 3.5% the 3 year is at 4.74% ..
My question is if I go for the 2 year deal which I can then afford to make over payments will I pay more off the capital than I would if I went for the 3 year deal and just payed the repayments with no over payments ?
I apprecite this may be impossible to answer but is something I want to try to undertsand...
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