Saving options

Fatbritabroad

TheShape wrote: »

Your answer may be contained in your question. If you are considering an interest only mortgage it's because you wish to pay off the capital later. If an interest only mortgage is not an option, taking a repayment mortgage but for the longest term possible will also have the effect of delaying the repayment of some of the capital for as long as possible.

This is what I've done. 10 years fix with santander at 2.49 % repayment leaving me free to invest elsewhere. Putting around 600 a month away in various places with the intention of paying a lump sum off if I need to or ill just keep doing this when it comes up

The_Leopard

That does feel like a good halfway house. Stretching the mortgage to 30 years with an initial 5 year fix would free up £2-300 per month to place elsewhere. Option to pay off more at the point of remortgaging every 5 years or so is attractive.

Thanks to all for helping to clarify my thinking a bit more and presenting options I hadn't considered.:beer: