A
Allan
GF is thinking about selling house or renting it. Mortgage currently
paying approx 5% (£530/month). If she leaves within first 5 years
(currently just finishing year 1), she will pay £2K penalty.
I'm trying to persuade her to look carefully at the difference between
paying for another 4 years, versus getting out now and paying the £2K
early-redemption penalty. I think the mortgage is about £90k.
Does anyone have any indication on how to do the sums to compare?
Is there a useful website that would give any pointers on this?
paying approx 5% (£530/month). If she leaves within first 5 years
(currently just finishing year 1), she will pay £2K penalty.
I'm trying to persuade her to look carefully at the difference between
paying for another 4 years, versus getting out now and paying the £2K
early-redemption penalty. I think the mortgage is about £90k.
Does anyone have any indication on how to do the sums to compare?
Is there a useful website that would give any pointers on this?