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The best deal?

Hi,
We need to mortgage for £60.000 on a new house we are buying, i'm with First Direct, the payment terms are £331.00 per month, does this sound good? we are hoping to pay this off within 2-3 years with no penalties, Anyone have any suggestions about a better way?
Regards,
Ian

Comments

  • tigsly
    tigsly Posts: 481 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    have a play on the HSBC overpayment calculator.. i think your better off taking out as long a lone as you can.. and overpaying.. as much as you can..

    If that makes sense..
  • opinions4u
    opinions4u Posts: 19,411 Forumite
    Hi,
    We need to mortgage for £60.000 on a new house we are buying, i'm with First Direct, the payment terms are £331.00 per month, does this sound good? we are hoping to pay this off within 2-3 years with no penalties, Anyone have any suggestions about a better way?
    Regards,
    Ian
    Have you got any idea in term, interest rate, product type etc?
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