Woolwich Lifetime Tracker

Gorgeous_George

MissScarlett wrote: »

I could have 22k as attached savings so would this be better. This is of course if i surrendered an endowment, is that wise though? My poor wee head is spinning GG!

We could raise £50K by selling endowments. Add that to the savings and the mortgage could be gone. I'm sure that I should be tempted.



GG

MissScarlett_3

UKremortgageBroker wrote: »

My grandmother used to talk to my about 15% interest rates when I was sat on her knee. LOL. Only joking of course.

Only an IFA can advise on an endowment policy shortfalls but mines a glass of Chardonnay, what's yours?

Cheeky young whippersnapper!

And have asked the question of the IFA's on here and guess what........none will say sell and none will say keep - there's a surprise!

Mine's actually now a 3/4 empty bottle of shiraz, oops!

MissScarlett_3

Gorgeous_George wrote: »

I remember 15% interest rates.

My house cost just £24K AND I had MIRAS (Mortgage Interest Relief At Source). With basic rate income tax starting at 33%, MIRAS made the 15% equivalent to 10% in today's money. Current rates are not far off 10% but look at house prices (about 7 X £24K for a similar peoperty!). Scary stuff.

GG

Good old Miras, remember it well. My first prop was 24k, spooky!

MissScarlett_3

[quote
I luv a good Australian Shiraz. hicc!! :-))[/quote]

Hence the move although I do hear that Australian wines in Oz are more expensive than here, what would MSE'ers think of that?

Just soaked up the Shiraz with a meal so ready to start again, whoo hoo!

Gorgeous_George

MissScarlett wrote: »

Good old Miras, remember it well. My first prop was 24k, spooky!

1985 in Dorset by any chance or has the spookiness ended?



GG

amazamum

I am currently thinking of changing to a Yorkshire bank Mortgage,Offset 2 year tracker,0.49% above bank of england base rate,cant make over payments for 2 years but can still save the money I would have overpaid and offset it against the mortgage.
Good luck