Welcome to the reallymoving forum
Got questions and need some advice? Our forums have answers on everything from choosing the right property, to renting and selling.
  • If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.


No announcement yet.

Whats best guys

  • Filter
  • Time
  • Show
Clear All
new posts

  • 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

    [email protected]