Not sure what to do

waterman3

Hey

I'm on the Bank of Scotland SVR paying 3.5 % at the moment. I'm not currently working, although i'm hoping to find work in the next few months and have around £10,000 in savings.

I'm not sure whether to look for a new mortgage deal now and if so, whether to make a lump sum overpayment to improve my LTV.

Am confused and any advice would be greatly appreciated.

thanks

CloudCuckooLand

I wouldn't 'lock-up' savings until a job is secured.

The country has no idea how bad things have yet to get.

firstaspect

I'd stay as you are. You may need the savings if you don't find work in the next few months and you will be very unlikely to get a new mortgage deal while you are not working.