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30 months mortgage left. need help

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I have 30months left on my mortgage I owe £18.000 property value is £120k I want to continue to make overpayments I'm currently on their SVR rate of 4.8% is there a better way to to mortgage?

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  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Speak to your existing lender and see if there's a better interest rate product on offer. With only 30 months left. You are restricted to the likes of 2 year fixed interest rate products or life time trackers.

    In the meantime overpay as much as you can afford to reduce the interest charges.
  • Yorkie1
    Yorkie1 Posts: 12,014 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Also bear in mind that at that low outstanding amount, the fee-free products are likely to be a better overall deal.

    Remortgaging to another lender would probably include costs so again they would have to be factored into any calculation - assuming another lender would accept a 30 month outstanding term in any event.
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