Downsize

LittleMissAspie

I would stick to freehold, people can have lots of problems with leasehold.

A two bed house is on the small side for a family of four, I bet you'll be glad to have a conservatory and garage when they're in their late teens/early twenties.

LilacPixie

with that age of kids really I would stay put.. we just sold our 2 bed flat for a 3 bed house and really there is no comparison..

JimmyTheWig

What is your aim with this?

To free up some money in the here and now? (I.e. lower / no mortgage payments each month)
Or to avoid all that interest you pay on a mortgage in the long term?

If it's the former, have you considered remortgaging?
If the latter, I wouldn't be surprised if you'd pay more in fees than you would save in interest.

mrs_simplify

I guess the main aim is to have no mortage whatsoever, if we cant manage that due to property prices than at least no more than a 20 - 30 thousand mortgage. I just want to be able to feel lighter about things

mrs_simplify

hi i have a straight repayment mortgage but not sure how much you can overpay and not sure if I would be able to. Find it toughh enough now:o