30 months mortgage left. need help

eyesubmit

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?

Thrugelmir

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

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.