Should i be a MFW..

Cousinavi

Hi all, im new so please bare with me..

Im 33 and have a shared interest-only morg with my brother. We both have seperate endowments covering our own half of the morg.

I have saved enough up to be morg free.

However, if i do pay off my half where does this leave my situation reguarding getting another morg etc? Would i be classed as a first time buyer again, im not earning great money so wouldnt it be best to carry on with the morg so i can borrow more.. should the time come. I realise we wont be living together forever so need to make a plan for the future.

Im not really clued up on what/where to go with this money, should i save it for my own place or get the morg paid off..

abouttimetoo

Hi Cousinavi

Sorry, I don't know the answer but just wanted to say have you tried posting this on the mortgage or house buying etc board?

Cousinavi

Hi abouttimetoo, no i havnt yet. I see if i can move it, cheers.