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Mortgage rate and advice
depressed_of_lincolnshire
Posts: 39 Forumite
I have two endowments covering (supposedly) £45 - finishes in 2013. I also have a £25K mortgage that ends 2017 on repayment. Was in a fixed term for 2 years with Abbey whihc ended about 8 months ago. Payments went from about £450 to now £587 per month. Seeing as I have only just got MSE savvy (Two weeks ago) I now realise what a plonker I am.
Question is should I try another lender or see if Abbey will give me a better deal. I would prefer a 5 year fixed so I know what my budget it until the endowments finish.
I really dont understand mortgages and I am fed up of being dicked by the big boys.
Any advice please welcomed.
Question is should I try another lender or see if Abbey will give me a better deal. I would prefer a 5 year fixed so I know what my budget it until the endowments finish.
I really dont understand mortgages and I am fed up of being dicked by the big boys.
Any advice please welcomed.
0
Comments
-
how much are your endowments worth now ?
did you take out the endowments to pay off the mortgage ?
could you use the endowments to clear your mortgage and save the expense of remortgage costs.
If you have no mortgage you could save £587 each month into savings
earning you 6.5% tax free with barclays/lloydstsb
worth checking out YES/NO ! good luck0
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