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Cosmo	posted on 23rd Oct 07 at 16:03
	Yeah a decent IFA will look at the different options for both mortgage and where to invest it and do the figures for you to save you the hassle!!
Aaron	posted on 23rd Oct 07 at 16:02
	Exactly, it’s a hard thing to decide on. As you rightly say, a lot of things can change in 2 years. Closer to the time I’ll be speaking to a financial advisor to see what they think. [Edited on 23-10-2007 by Aj.]
--DAN--	posted on 23rd Oct 07 at 16:01
	quote: Originally posted by Cosmo quote: Originally posted by Aj. I've got 2 more years on my 4.6% rate I plan to save up about 20k over the next 2 years and put it into my property to help cushion the blow when it comes the time to re-mortgage. Would putting it into the property to lower the amount your having to repay be best, or putting it into an account where the interest you receive on it brings in more than the extra payments would be costing you? TBH that sounds like a pretty good idea to me.
Cosmo	posted on 23rd Oct 07 at 15:57
	quote: Originally posted by Aj. I havent really looked at it that way TBH, what would you do? Would really depend on the figures when you actually come round to doing it, as 2yrs is a long time off yet and a lot could change. 20k could bring you a decent amount in per month though and leave it there should you need it for other things without having to remortgage to get it out - although putting it into the property would shortern the amount of time your paying it off eventually.
Aaron	posted on 23rd Oct 07 at 15:54
	I havent really looked at it that way TBH, what would you do?
Cosmo	posted on 23rd Oct 07 at 15:53
	quote: Originally posted by Aj. I've got 2 more years on my 4.6% rate I plan to save up about 20k over the next 2 years and put it into my property to help cushion the blow when it comes the time to re-mortgage. Would putting it into the property to lower the amount your having to repay be best, or putting it into an account where the interest you receive on it brings in more than the extra payments would be costing you?
Aaron	posted on 23rd Oct 07 at 15:51
	I've got 2 more years on my 4.6% rate I plan to save up about 20k over the next 2 years and put it into my property to help cushion the blow when it comes the time to re-mortgage.
Dean_W	posted on 23rd Oct 07 at 15:31
	I did mine this year, thanks christ.
GT4Brody	posted on 23rd Oct 07 at 15:27
	Mine has just gone up £100 a month due to having good fixed rate for 2 years..
--DAN--	posted on 23rd Oct 07 at 15:12
	I was on 4.6% and I'm now going on to 5.88%, which is pretty much the best rate out there atm. I was gonna ask her about those Natwest One Accounts but forgot, might call her to find out her opinion on them, as on face value they look ok but theres always a catch. Pics of sister:\|
Cosmo	posted on 23rd Oct 07 at 15:07
	Wasnt trying to make out they might not be reputable BTW. Just wondered if it was one of the national ones for a few reasons. Yeah, my sister is locked on one with a good rate thats up soon and not looking forward to sorting another :lol:
--DAN--	posted on 23rd Oct 07 at 15:05
	Local, but very reputable, she didn't charge me either which was nice. Was expecting it to be honest as I locked in on a very good rate so a hefty increase was inevitable.
Cosmo	posted on 23rd Oct 07 at 15:01
	Just a local company or national one?
--DAN--	posted on 23rd Oct 07 at 15:00
	The fixed rate on our mortgage ends in December so we had an appointment with an independant advisor to see what they could find us. So from December my mortgage payments will increase by £110 :\|