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Re: 25 or 30 yr mortgage?

  •  Tue, Dec 04 2007, 5:30 PM

    Re: 25 or 30 yr mortgage?

    Again -  a non commital up to you

    Interest only is cheaper - but you have to pay the capital back somehow - that may be Inheritance, emmigrating, a sharesave scheme, 5 pound notes under the matress or downsizing in the future (if thats possible).

    You could switch to repayment at a later date - advice would depend on your age, career progression etc etc.

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