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Overpayments to interest only?
Comments
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getmore4less wrote: »On SVR they can overpay as much as they like.
how big is the mortgage, LTV, income muliple and term.
There may be a better deal out there
I told you I don't have a clue about these things :rotfl: that might as well be a foreign language :eek:
What is a LTV, income muliple and term?LBM April 2011 £4906
:j:j DEBT FREE 4th NOVEMBER 2011 :j:j
Clothes Challenge 2011 £60.24/£200
Virtual sealed pot #136 - £1.60 Sealed pot # 1365 Nectar card - £8.80 Overdraft £0.00
Do I need it? Can I afford it? Is it cheaper elsewhere?0 -
needingaccountability wrote: »I told you I don't have a clue about these things :rotfl: that might as well be a foreign language :eek:
What is a LTV, income muliple and term?
LTV - Loan to Value (What % of the property value the loan is - £100k property with £50k outstanding would be 50%)
Income multiple - how many times your yearly earnings is the mortgage.
Term - How many years left on the mortgage (such as took out as 25, now 3 years in so 22)0
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