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mortage shortfall

Hi Ihave 2.5 years left on my mortage £8000 repayment(£200 permont) & £27000 interest only(£98 per month).
I hve £16000 to pay of the Interest only which will leave me a short fall of £11000 at the end . I can increase my payments by £200
My question is what are my best options

Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Forumite
    Speak you your lender and come to an arrangement to repay the shortfall with a new repayment mortgage.
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