morichar
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Hi we have an interest only mortgage with mortgage express and have nothing in place to pay this at end of term which is approx 10 years we
- morichar asked 1 year ago in Insurance
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Expert Financial Adviser Answer
Matthew Burman
answered 1 year ago
Couple of options, have you tried to downsize and reduce some of the mortgage or if things are really bad you could sell and move in to rented. Depending on your disposable income you should try and save or overpay the mortgage as most mortgages allow you to make overpayments of upto 10% each year without penalty and can start to reduce the mortgage and build up your equity. Hope this helps
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Hi we have an interest only mortgage with mortgage express and have nothing in place to pay this at end of term which is approx 10 years we
- morichar asked 1 year ago in Insurance
- See all 6 answers | report abuse
Expert Financial Adviser Answer
Matthew Burman
answered 1 year ago
Couple of options, have you tried to downsize and reduce some of the mortgage or if things are really bad you could sell and move in to rented. Depending on your disposable income you should try and save or overpay the mortgage as most mortgages allow you to make overpayments of upto 10% each year without penalty and can start to reduce the mortgage and build up your equity. Hope this helps
report abuse
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