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
Amber Letter Received
hansi
Posts: 3,001 Forumite
Just got an amber letter from Prudential saying that my shortfall is likely to be 2.5K at 6% growth per year. That's not a problem to me as I will have the necessary cash to pay the shortfall, but approximately how much would it cost to convert this 2.5k to a repayment mortgage. I have six years left on the mortgage, and I know I'd have to apply to the lender for the exact rate, but just wanted a guesstimate. At present I pay £122 per month on a 26k loan.
0
Comments
-
Why not see if you could just make monthly overpayments to your mortgage (depending on the type / restrictions applicable)??
cloud_dogPersonal Responsibility - Sad but True
Sometimes.... I am like a dog with a bone0 -
Instead of doing that, would I be better making regular monthly payments into a savings account now that they are giving better rates, any suggestions for such an account?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.5K Banking & Borrowing
- 254.1K Reduce Debt & Boost Income
- 455K Spending & Discounts
- 246.6K Work, Benefits & Business
- 602.9K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards