We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Trying to find best deal to pay off Mortgage in 5-7 years
motch
Posts: 429 Forumite
My current mortgage is approx £32k - in 3 parts.
The last 2 parts are fixed repayments untill 2010 then standard rates after
The first section is approx £17500 - has no early repayment charges attached and has approx 16 years to run, its a repayment mortgage at 5.39% variable
My aim is to clear this first section within 5 years - 7 at the very most.
I've had a brief look at mortgage deals and have seen some at around 2% for 2 years then a higher rate around 6-7% thereafter.
What i really need is one with little or no added fees - any suggestions???
and one that allows me to make some overpayments in the first 2 years if possible.
any help much appreciated
The last 2 parts are fixed repayments untill 2010 then standard rates after
The first section is approx £17500 - has no early repayment charges attached and has approx 16 years to run, its a repayment mortgage at 5.39% variable
My aim is to clear this first section within 5 years - 7 at the very most.
I've had a brief look at mortgage deals and have seen some at around 2% for 2 years then a higher rate around 6-7% thereafter.
What i really need is one with little or no added fees - any suggestions???
and one that allows me to make some overpayments in the first 2 years if possible.
any help much appreciated
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.6K Banking & Borrowing
- 254.5K Reduce Debt & Boost Income
- 455.5K Spending & Discounts
- 247.5K Work, Benefits & Business
- 604.4K Mortgages, Homes & Bills
- 178.6K Life & Family
- 261.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards