Mortgage/Re-mortage advice

connors07

Hi all,

Any advice on the following would be much appreciated.

I got my foot on the property ladder 2 years ago and at the soonest opportunity I began overpaying my mortgage.

The mortgage I have is for the life of the mortgage and I can make whatever overpayments I wish without penalty.

£111,680 is left of what I owe, scheduled to last 28 Years 11 Months @ 2.24% with my deal being I pay 1.99% above the base rate.

I am overpaying to the tune of £1000 a month on top of my usual £435 which by various calculations IF things stay the same (I appreciate they are going to change at some point) then I could be paid off in 7 years.

Is this worth renegotiating? Does anyone have an example of a better possible deal?

Any advice would be much appreciated.