themetunegal
Registered User
- Messages
- 96
Hello
Would be very grateful for your advice please on the below two queries:
Query 1:
We are currently overpaying our mortgage, and have been since we started it in 2006. Consequently we have reduced the term from 30 years to about 10 remaining at this point.
We are thinking of moving house next year, so I am wondering if we should continue to overpay the mortgage (we have a good tracker rate) or revert to remaining 20 years of original term and save the money instead so we have it to hand as cash?
Perhaps there is little difference in the two options, but would be grateful for your opinion.
Query 2:
If we move house, would we be allowed to bring the tracker with us for the amount remaining on the mortgage in our current house and then get the remainder of the new mortgage on a variable / fixed rate.
Perhaps this is a laughable question, but it would be good to know if this could be a possibility at all.
With thanks for your help.
Would be very grateful for your advice please on the below two queries:
Query 1:
We are currently overpaying our mortgage, and have been since we started it in 2006. Consequently we have reduced the term from 30 years to about 10 remaining at this point.
We are thinking of moving house next year, so I am wondering if we should continue to overpay the mortgage (we have a good tracker rate) or revert to remaining 20 years of original term and save the money instead so we have it to hand as cash?
Perhaps there is little difference in the two options, but would be grateful for your opinion.
Query 2:
If we move house, would we be allowed to bring the tracker with us for the amount remaining on the mortgage in our current house and then get the remainder of the new mortgage on a variable / fixed rate.
Perhaps this is a laughable question, but it would be good to know if this could be a possibility at all.
With thanks for your help.
