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6yrs 11mths left on interest only - advice please

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  • silvercar
    silvercar Posts: 49,932 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    midebt wrote: »
    our plan is to sell the property and buy a more affordable home - so this is the way forward ....and have a more reasonable mortgage of apprx 50/55'000 over the remaining working yrs of 7.

    our home will be put on the market asp ....just gonna get the paint out and spruce it up a bit more ....


    i will keep coming back with updates and questions so please watch this space for more questions and thanks for all the replies xx

    Sounds like a good plan. Best of luck! Glad you worked all this out with 7 years to retirement rather than 7 months.
    I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
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