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Repayment of Mortgage Vs Saving
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lordkit
Posts: 4 Newbie
Hi All,
I think this maybe covered a few times, not sure thought I'd ask the questions anyway.
So I have a mortgage of 108 K left to pay - Currently sitting on 90% LTV
I have saving around 15K in a ISA getting around 3% interest.
Do you think it's a good idea to pay in around 10K into my mortgage? this would mean lower payments and would get me down to 85% LTV.
Thanks,
I think this maybe covered a few times, not sure thought I'd ask the questions anyway.
So I have a mortgage of 108 K left to pay - Currently sitting on 90% LTV
I have saving around 15K in a ISA getting around 3% interest.
Do you think it's a good idea to pay in around 10K into my mortgage? this would mean lower payments and would get me down to 85% LTV.
Thanks,
0
Comments
-
What is your rate of interest? Are you on fixed/tracker/SVR etc? What is your pay rate?
The LTV reduction would only help if you were thinking about remortgaging or choosing a new rate from your lender0
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