The Rig

iTrader: (13)

As title, do i forfeit my current mortgage which has 4 yrs left on its fixed rate of 5.9% which would incur a charge of about £4k and go to a variable one and add the £4k charge onto the new mortgage ?

trying to lower my monthly amount and wondering if this is an option ?
would like to reduce the current £900 i pay to about £700ish over 25 yrs

before i speak to an advisor, i would like to see if anyone has done this,as we all know, on the spot info takes a while to digest,so would like some more knowledge before i venture to the bank

cheers

Razorwrx1

iTrader: (21)

Were in kind of the same boat as you. Are's is up 2012 fixed rate. But with the inflation now so low were tempted too. Speaking to a friend who is a Mort Advisor this week fingers crossed to see what our options are. Free