Pixelfill Posted July 21, 2009 Share Posted July 21, 2009 I'm looking to remortgage shortly, and want to release about 75% of my *estimated* value of my property, One option I'm considering is the One Account, but can't quite work out how it works. As I understand it whatever is left in your account at the end of the month counts against your "mortgage", however when using the online calculator here if I put the amount left after to be my estimated mortgage payment, it says I'll repay 20 years early!! I assume they mean left over after mortgage payments Anyway I digress, I'm really looking for opinions as to whether this is a good option, or whether I'd be better going for a fixed rate. I have no savings to offset against the mortgage, and the mortgage will be close to my maximum available borrowing, so an interest rate increase might be tricky on a standard variable rate mortgage, but the One account seems to have more flexibility. Any Financial advisers, or people with experience who could give me their opinion. Cheers Mike Quote Link to comment Share on other sites More sharing options...
Charlotte Posted July 21, 2009 Share Posted July 21, 2009 SupraSteve is a mortgage advisor IIRC. Quote Link to comment Share on other sites More sharing options...
Pixelfill Posted July 21, 2009 Author Share Posted July 21, 2009 SupraSteve is a mortgage advisor IIRC. thanks Charlotte, hopefully he'll happen across this thread soon Mike Quote Link to comment Share on other sites More sharing options...
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