Tim Robbins
Registered User
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- 46
Hi,
Excuse my stupidy.
I have a 21 years left on a 25 year morgage (ECB tracker).
I am thinking of trading up in the next 2 years.
Are my better off putting my savings off against my current morgage (so I owe less) or saving up as much as possible for the trade up.
To trade up I will more than likely have to sell and close my current morgage and then with the profit use that as a basis for a deposit for a new place for which I will have to draw down a new (probably) 30 year morgage.
Cheers
Excuse my stupidy.
I have a 21 years left on a 25 year morgage (ECB tracker).
I am thinking of trading up in the next 2 years.
Are my better off putting my savings off against my current morgage (so I owe less) or saving up as much as possible for the trade up.
To trade up I will more than likely have to sell and close my current morgage and then with the profit use that as a basis for a deposit for a new place for which I will have to draw down a new (probably) 30 year morgage.
Cheers
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