Soldato
No change the NW site so far today - renewal rates remain unchanged.
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Please at least tell us you're 50 or something?Probably not going to win me any friends in this thread but we've just paid our mortgage off fully 38 months early.
It was cheaper to pay the early redemption charge of £300.00 rather than pay the £80.00 per month interest fee's they were charging over the course of the next 38 months.
ftfyPlease at least tell us you're 70 or something?
Please at least tell us you're 50 or something?
how much was left on your mortage?Probably not going to win me any friends in this thread but we've just paid our mortgage off fully 38 months early.
It was cheaper to pay the early redemption charge of £300.00 rather than pay the £80.00 per month interest fee's they were charging over the course of the next 38 months.
I can't quite remember but you can choose to pay the fee straight away can't you rather than add it to to mortgage so it's even better.
Ultimately a gamble between locking in the usually cheaper 5 year rate now, but potentially paying more than you could for years 3,4,5 assuming interest rates continue to dropGoing into the next year or two I'm unsure if a 2 year or 5 year is the better option is there any stuff out there that helps decide.
Works out cheaper by a little even adding it to the loan. So perfect if I can just pay it outright.Usually yes
If you add it to the loan you pay interest on it as well.
I know that, but is there any good places to read up on it, any respected websites that might give an insight.Ultimately a gamble between locking in the usually cheaper 5 year rate now, but potentially paying more than you could for years 3,4,5 assuming interest rates continue to drop
All depends how much and how quickly you think rates will fall
No one can predict the future, even so-called professionals are placing bets.I know that, but is there any good places to read up on it, any respected websites that might give an insight.
how much was left on your mortage?
I need to decide in about 3 and half years time if I should just liquate everything and pay it all off...