What would you do?

mjmmacro

Hi

I have got a bit of time on my hands at the moment and have been looking at our current mortgages.

Would you look to improve on the following situation;

We currently have 1 x buy to let mortgage with Santander on a variable rate of 4.24%. The monthly payments are £240.25 on a loan value of £67,995. The property is rented at £600.00 pcm.

We also have a repayment mortgage with Santander, fixed for 2 years at 3.79% on a property for my wife and myself. The repayments are £710.00 per month on a loan value of 120000.

If you do require any more information, just pm me. I look forward to your replies.


Many thanks

betmunch

I would make sure that the surplus from the rental property is being put to good use.

I would also make a diary note to review your residential mortgage 3 months before the fixed rate ends

otherwise leave as is.

If your bored with all this time on your hands you could look at doing a protection review as its widely expected life insurance and the gang are going to become more expensive next year.