Hi all
feeling a little miffed because I was uncertain of the economy when I fixed my 55000 mortgage 3 years ago for 7 years... its a flexible jobbie but has a 1000 redemption charge for first 7 years but at 5.69 % its a bit high by some of todays mortgages
anyway would like to do some home improvements to the cost of about
10000 so am thinking of another mortgage for around 64000
I would like to go with some sort of discounted remortage with a rate of
4.8% for first 2 years
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15849836921-1 then jump onto another mortgage after the two years ( rate tart style) but just wondered what the pros and cons are of this or if anyone has any better ideas for me...sorry if this has been discussed a thousand times already :))
cheers
Lee