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Mortage with HTB - savings
Mach74
Posts: 5 Forumite
Hi
Wondering on your thoughts I have a new 200k mortgage with 70k help to buy loan
I am saving 1.5k a month to pay for the HTB when it reaches the 5year period
Wondering - is this the best option or to pay 1.5k of the mortgage a month?
My other thought is if brexit causes a housing down turn in value I will have the money saved to pay for the HTB loan off at a cheaper price
Whats yours thoughts? am i doing the right thing?
Wondering on your thoughts I have a new 200k mortgage with 70k help to buy loan
I am saving 1.5k a month to pay for the HTB when it reaches the 5year period
Wondering - is this the best option or to pay 1.5k of the mortgage a month?
My other thought is if brexit causes a housing down turn in value I will have the money saved to pay for the HTB loan off at a cheaper price
Whats yours thoughts? am i doing the right thing?
0
Comments
-
Hi
Wondering on your thoughts I have a new 200k mortgage with 70k help to buy loan
I am saving 1.5k a month to pay for the HTB when it reaches the 5year period
Wondering - is this the best option or to pay 1.5k of the mortgage a month?
My other thought is if brexit causes a housing down turn in value I will have the money saved to pay for the HTB loan off at a cheaper price
Whats yours thoughts? am i doing the right thing?
If the saving account you have your money saved in is less than the interest that your mortgage, best to pay into your mortgage.
Most people use their increase in house equity to pay for the HTB when they remortgage, but well done on saving that much."It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
G_M/ Bowlhead99 RIP0 -
budget 1.5k for fees as well to pay it offDon't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.0
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