Isa

lillynewt

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

Lokolo

Depends on the rate of the mortgage.

lillynewt

Thanks for your reply. we are on a standard variable rate which is 2.5.

jimjames

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.