mortgage advance to clear debts

slimjim

southernscouser wrote:

Slimjim,

Just a word of caution, if your loan was with the car company quite often you are not allowed to sell the car until you have paid it off. Not sure if that applies to you though.

Have you got any room to tranfer some balances to your Cahoot account! Will save a few quid there!

Good luck.

yeah I'll have to check that.

Tried increasing my cahoot limit but couldn't. Shame really because 6.9% is excellent!

eurows

A few of my circumstances have changed since taking out the mortgage. And yes i can afford the mortgage and household bills, I see these as the most important. If I struggle with other loan/credit card repayments then i'll speak to these companies about freezing the interest.

Ive been listening to scaremongers talking about a house price fall/crash for the past year or two, i doubt very much it'll happen. More likely to remain static for a while in my opinion. Another reason I want to cut down on loan repayments is to free up more cash to buy the remaining items i need for the house although i have most of the things i'll need.

It's hard for everyone when they buy their first home, i just want to make sure my finances are in the best order they can be

If you can afford the mortgage why are you in debt then. House prices have fallen and will continue to fall and it's people like you who don't budget that will fall flat on their face.

nadnad

now come on thats not very helpful or constructive! He came on here looking for advice not criticism - at the end of the day what he does doesn't effect you so why be so angry?!

slimjim

eurows wrote:

If you can afford the mortgage why are you in debt then. House prices have fallen and will continue to fall and it's people like you who don't budget that will fall flat on their face.

:rotfl:

forgive me for sounding arrogant, but I never have fallen flat on my face, and doubt I ever will