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From repayment to interest only dilemma
Comments
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Well that is a Huge mortgage but you do have 60% LTV and 3.53 is not a bad rate of Interest.
If your other savings and not earning 3.53% after TAX maybe a good idea to overpay every month if Allowed?
You will struggle to get your lender to agree to switching from Repayment to IO payments.
Many thousands of people stuck on IO as they approach retirement0 -
Don't think the lender will agree to interest only. You could try part/part - some on repayment and some on interest only.
You could ask to take 6 mortgage holiday.0
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