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Results tagged with mortgage
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user 16381
A mortgage is a loan that is secured by real property (land, buildings).
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Mortgage Overpayments Two Accounts
I have a capital & interest repayment mortgage that's split into two. The outstanding balance on the original is approximately £100k on a 2.5% variable interest rate, monthly repayment approx £700. … sense to switch the £800 overpayment to the other so I am paying as little interest as possible on outstanding balances. eg £800 per month off 4% until balance is at £10k, then switch overpayment to 2.5% mortgage …
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