Hi, just after a bit of advice...
Got a part buy/part rent mortgage over 2 years ago in the wife's name as I had missed payments on a loan in 2009 & was refused. I have since taken a voluntary redundancy & have £23k sat in the bank, debt free too.
Are we best to pay this off our mortgage of £31500? Or leave it in a savings account? Would perhaps like to move house once my credit score is better, paying over the odds for this property in my opinion.
In addition to this, my wife also took a voluntary redundancy while on maternity leave & will only be looking for part time employment when she goes back to work in June, so I guess that buying an extra 25% of this property would be out of the question.
Hope someone can help!
Thanks.
Got a part buy/part rent mortgage over 2 years ago in the wife's name as I had missed payments on a loan in 2009 & was refused. I have since taken a voluntary redundancy & have £23k sat in the bank, debt free too.
Are we best to pay this off our mortgage of £31500? Or leave it in a savings account? Would perhaps like to move house once my credit score is better, paying over the odds for this property in my opinion.
In addition to this, my wife also took a voluntary redundancy while on maternity leave & will only be looking for part time employment when she goes back to work in June, so I guess that buying an extra 25% of this property would be out of the question.
Hope someone can help!
Thanks.