Halifax online product switch help - interest only

Lady-T

Yes I understand what your saying.
The mortgage started in 2006 with an ISA as the repayment vehicle but unfortunately we needed the money and it is now closed.

In the 10 years we have had 2 children, both been made redundant at different times. Had to use credit cards etc as only had 1 income, I now work part time, childcare is high. Partner works in sales so salary is up and down. We have never missed a payment in those 10 years. We have only been over paying in the last few years since the rates are lower. Currently overpaying by £442 per month which isn't great but it has helped. The only positive is we have built up quite a bit of equity and are still quite young I guess, 36 & 37 so we are happy to extend the term to go on repayment. Once the childcare reduces we can pay a lot more off.