Hello, Iwas wondering what would you do in my situation .
3 years ago i bought my house in south east london, strugled big time to get a mortgage then..had good deposit but wages werent up to it when it came to affordability
I m in a much better situation now, my 3 years salaries are at 43.000 each year...house bbought for 235000 , deposit 61 l and the last 2 years i have overpaid in total 25k , so loan left around 145 k .
my parents, live abroad, not british, and sold their flat , and gave me last year 50 thousand euros. and i got around around 20 thousand pounds in savings
currant rate 3.9 expires in february, currently 925 a month which can easily afford , specially when thinking my 2 lodgers almost pay 900 for the 2 rooms upstairs
do you think i throw all this money to pay the mortgage or go for another small flat ?
i like the idea i got from this forum to pay mortgage as soon as you can, but i m builder by trade..not used to easy life ,sitting on a spotless back garden having tea..
what do you think?
3 years ago i bought my house in south east london, strugled big time to get a mortgage then..had good deposit but wages werent up to it when it came to affordability
I m in a much better situation now, my 3 years salaries are at 43.000 each year...house bbought for 235000 , deposit 61 l and the last 2 years i have overpaid in total 25k , so loan left around 145 k .
my parents, live abroad, not british, and sold their flat , and gave me last year 50 thousand euros. and i got around around 20 thousand pounds in savings
currant rate 3.9 expires in february, currently 925 a month which can easily afford , specially when thinking my 2 lodgers almost pay 900 for the 2 rooms upstairs
do you think i throw all this money to pay the mortgage or go for another small flat ?
i like the idea i got from this forum to pay mortgage as soon as you can, but i m builder by trade..not used to easy life ,sitting on a spotless back garden having tea..
what do you think?