Convert Interest Only Mortgage to a Residential Mortgage

Misteeq

Hi,

Yes - I am going to try to over pay as much as possible - but £400.00 per month would be my limit.

Better than nothing though - and at least I can clear my entire mortgage way ahead of time!

Thanks for all the replies.

getmore4less

Is it the same mortgage/property as here

(Seems to have a different mortgage payment)

https://forums.moneysavingexpert.com/discussion/comment/66398926#Comment_66398926

Are you sure you want to become a remote landlord?

An empty property is a liability not an investment.

Misteeq

Hi,

Yes - it does relate to the same property, but I have decided to stay here and not take the job opportunity in London, - mainly because I can't get consent to let - so it will still be my main place of residence.

I've just had a change of plans really, and when I was looking at my recent mortgage statement, I thought it was about time to start re-paying the capital on it.

Luckily, I am in a fairly good position and can afford to over pay and reduce the term of the mortgage