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Mortgage. Switching and paying off a chunk
gvp
Posts: 2 Newbie
I have two morgages with fixed rates coming to an end at around the same time next year. I plan to sell the property that I have been renting out at that time. Would I be better to wait untill I receive the money from that sale before switching the offset mortgage on my main property as I plan to pay a chunk off.
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Comments
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What rates the offset0
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I don't earn interest on the offset but I only pay interest on the loan minus the savings and thats 3.4%. I realy want to know if I'd get a better deal if I wait untill I need a smaller loan and just pay the increased rise in mortgage rate untill I can.0
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