We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
30 months mortgage left. need help
Options

eyesubmit
Posts: 2 Newbie
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?
0
Comments
-
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.0 -
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.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.8K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards