Mortgage free advice please 25 October 2018 at 7:21PM edited 30 November -1 at 1:00AM in Mortgage-Free Wannabe 1 reply 299 views

KL03

Hi all

I'm new to this so I apologise if something similar has been asked.

We have 8 years and 10 months left but I ideally want our mortgage paid off in 5 years. We owe £94,100, we currently pay £961 a month. Is it possible to get our mortgage paid off 3 years 10 months earlier?

Thank you

A_Frayed_Knot

All depends on your income and expenditure. Can you afford to overpay your mortgage?

Would need to post some figures and stats, to see if achievable.

Mortgage interest rate - 1.75% ??


If you overpaid by £679 a month - it is do-able. Rough figures as do not know your interest rate and outgoings along with income.