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  • Whats best guys

    Good morning .I have a repayment mortgage of 127000 and a interest only of 41000 ,I was thinking of switching the interest only (41000)for a repayment .Would it be better to instead use the extra money I would pay for switching to a repayment and pay this as an overpayment ie if it was say £150 to switch then use this to overpay instead . thanks in advance

  • #2
    Re: Whats best guys

    It would be better to pay it as an overpayment and get the capital reduced so your paying less interest

    Ged
    http://www.premierexpatmortgages.com
    [email protected]

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