Hi everyone,
Id really appreciate if someone could give me some guidance on two mortgages im trying to decide on as i am due to remortgage with a goal of paying off the mortgage asap:
80k balance. Offset 3.49%, 5 years fixed on a 7 year term.
12k savings, and i plan to top it up with £500 each month and pay the balance off at the end off 5 year deal.
Or
80k balance. 5 years Fixed rate at 2.79. 7 year term. My plan would be to save the 12k i have built up and make monthly mortgage over payments of £500 a month
Which one sounds the best if i want to pay my mortgage of asap and save on interest?
Id really appreciate if someone could give me some guidance on two mortgages im trying to decide on as i am due to remortgage with a goal of paying off the mortgage asap:
80k balance. Offset 3.49%, 5 years fixed on a 7 year term.
12k savings, and i plan to top it up with £500 each month and pay the balance off at the end off 5 year deal.
Or
80k balance. 5 years Fixed rate at 2.79. 7 year term. My plan would be to save the 12k i have built up and make monthly mortgage over payments of £500 a month
Which one sounds the best if i want to pay my mortgage of asap and save on interest?