.... Changing to a repayment mortgage with a five-year term would mean a monthly repayment of just over £2,525, which is clearly unaffordable. However, switching to a repayment mortgage with a 10-year term would mean a monthly payment
of just under £1,375, which is about £280 more than the £700 you save added to the £395 you currently pay in mortgage interest each month. ...
[Read full article on Guardian
Thursday 25th of May 2017 06:00:21 AM