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Fixed rate ending and baby due- help!
Nigglet
Posts: 8 Forumite
HiAre fixed rate is ending soon and we are considering going to an interest-only mortgage for a couple of years due to a new addition to the family. We have been quoted a really good rate with our bank we will save £100 per month, but am I not seeing the bigger picture? I have read elsewhere that we should have a repayment vehicle but will we need to if we decide to remortgage back to a capital repayment mortgage in a couple of years? any advise is greatly accepted!Nigglet
Credit card debt: £2,624.52:eek:
Member 182: Turn £100 into £10,000:j
Member 182: Turn £100 into £10,000:j
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