We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Mortgage advice needed , mad idea or not ?
Comments
-
anyone got any other ideas we don't want it to cost us a fortune but are keen to help the children of we can ?
If you dont want it to cost you anything, why not downsize 15 years early?"Dream World" by The B Sharps....describes a lot of the posts in the Loans and Mortgage sections !!!0 -
Because we like our house lol and would like the grandchildren to grow up in the same house as our children , crazy I know
0 -
The abbey can do it , the repayment bit is fixed for 2 years at 1.89 % the interest only bit is fixed for 18 months at 2.79% , as We have no idea what will happen to interest rates in the next few years but I do have a plan B in place in case they rise , do you think its a good idea to do this ? Sad that we're only 4.5 years away from finishing our mortgage but would be brilliant to help the children out , and in five years when the repayment bit is paid off , we'll still be better off each month and when the times comes we can downsize and pay it off altogether , opinions please x and the abbey are happy for us to gift the money to the children0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247K Work, Benefits & Business
- 603.6K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards