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Northern Bank Re:Pay Mortgage....any good
riverboat2001
Posts: 476 Forumite
This seems like a very flexible mortgage for people whose incomes fluctuate, it also seems to be quite a sensible way to manage a mortgage...
But is it any good?
http://www.northernbank.co.uk/en-gb/Personal/mortgages/Residential-Mortgages/Products/Pages/Northern-Repay.aspx
But is it any good?
http://www.northernbank.co.uk/en-gb/Personal/mortgages/Residential-Mortgages/Products/Pages/Northern-Repay.aspx
Was a 40 a day smoker for 20 years.
Decided to give up, and haven't had a fag for 12 years.
Halfway through losing six stone.
Looking forward to early retirement.
Decided to give up, and haven't had a fag for 12 years.
Halfway through losing six stone.
Looking forward to early retirement.
0
Comments
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It's basically an offset mortgage, and you'd have to have enough savings to make it worthwhile. You'd still also need to qualify on income - and note that Northern Bank only lends on properties in Northern Ireland (which I don't think you are?)0
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No, i didn't realise about the Northern Ireland bit, so that's that then!
And, savings will be eaten up with fees and general moving costs.Was a 40 a day smoker for 20 years.
Decided to give up, and haven't had a fag for 12 years.
Halfway through losing six stone.
Looking forward to early retirement.0
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