I hold rather a competitive tracker mortgage so my payments are going down as the remnant rate continues to drop?
however my mortgage is interest only - as my repayments are decreasing I want to either overpay on my mortgage or put the excess money into an isa - which am I better past its sell-by date doing?
Answers:
That depends on your Risk Profile. If you would call yourself cautious, afterwards you would prefer the certainty of paying off debt by overpaying. If your mortgage extends beyond retirement, you would emphatically want to do so.
If you call yourself balanced or adventurous, consequently it depends on the amount you intend to put in, for how long, what the charges are and the great imponderable - what the investment performance will be.
An Independent Financial Adviser should be capable of model the overpayments on the mortgage versus the investment scenario. Find your local one by visiting www.unbiased.co.uk .
Disclaimer:
The answers above are for guidance single and should not be acted upon without you receiving independent financial proposal relevant to your circumstances. To find and IFA please call 0800 085 3250 or go to http://www.unbiased.co.uk. Source(s): Paul White, Consultant, Belgravia Insurance Consultants
After graduating from King's College London, Paul enter Financial Services in 1988. Became an IFA in 1995 and is immediately based on North London, offering holistic advice to Clients worldwide.
You can bring free mortgage rate quotes from http://www.lionwoods.com
Just type in your zipcode, and then it let you compare rates from up to four different lenders. Then you can find who offers the lowest rates in your nouns. Hope that helps. Good luck.
Related Questions:
What are the current mortgage rates resembling and are in attendance any signs of the mortgage rates shifting soon?
I'm looking to get the best current mortgage rates available because me and my wife are looking for our first home purchase. Can anyone point me in the right direction? There is no such entity...
Answers:
That depends on your Risk Profile. If you would call yourself cautious, afterwards you would prefer the certainty of paying off debt by overpaying. If your mortgage extends beyond retirement, you would emphatically want to do so.
If you call yourself balanced or adventurous, consequently it depends on the amount you intend to put in, for how long, what the charges are and the great imponderable - what the investment performance will be.
An Independent Financial Adviser should be capable of model the overpayments on the mortgage versus the investment scenario. Find your local one by visiting www.unbiased.co.uk .
Disclaimer:
The answers above are for guidance single and should not be acted upon without you receiving independent financial proposal relevant to your circumstances. To find and IFA please call 0800 085 3250 or go to http://www.unbiased.co.uk. Source(s): Paul White, Consultant, Belgravia Insurance Consultants
After graduating from King's College London, Paul enter Financial Services in 1988. Became an IFA in 1995 and is immediately based on North London, offering holistic advice to Clients worldwide.
You can bring free mortgage rate quotes from http://www.lionwoods.com
Just type in your zipcode, and then it let you compare rates from up to four different lenders. Then you can find who offers the lowest rates in your nouns. Hope that helps. Good luck.
Related Questions:
What are the current mortgage rates resembling and are in attendance any signs of the mortgage rates shifting soon?
I'm looking to get the best current mortgage rates available because me and my wife are looking for our first home purchase. Can anyone point me in the right direction? There is no such entity...