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Isa
lillynewt
Posts: 5 Forumite
Hello,
is it possible to have a Isa say from post office to pay morgage if on a interest only would the returns not be high enough and would you need a higher risk product.lillynewt
is it possible to have a Isa say from post office to pay morgage if on a interest only would the returns not be high enough and would you need a higher risk product.lillynewt
0
Comments
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Depends on the rate of the mortgage.0
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Thanks for your reply. we are on a standard variable rate which is 2.5.0
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If you are only paying into a cash ISA I think you would be better off with a repayment mortgage to ensure that at the end of 25 years it is paid off.Remember the saying: if it looks too good to be true it almost certainly is.0
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