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 64000I 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