Hi,
Any advise welcome please! we have a fixed rate with b*i of 5.3%. We have another 4 years on this, my partner has been made redundant and repayments are getting very tight! any advise re: other options of how we can reduce this, and take the stress off a little bit!? I'm about to call them to see how much it will cost to break out of the fixed rate but I'm not expecting a great answer! Am also going to check about taking a mortgage break but again, will our repayments be higher at the end of the break??
Thanks for any help.
Any advise welcome please! we have a fixed rate with b*i of 5.3%. We have another 4 years on this, my partner has been made redundant and repayments are getting very tight! any advise re: other options of how we can reduce this, and take the stress off a little bit!? I'm about to call them to see how much it will cost to break out of the fixed rate but I'm not expecting a great answer! Am also going to check about taking a mortgage break but again, will our repayments be higher at the end of the break??
Thanks for any help.