Hi,
Wondering what other might do in my current situation..
Mortgage on PDH 272k - 25yrs left.
We are due a band move to 50-80% which will move us from 3.15% to 2.95%.
We have also done considerable work to the house that will move us from C1 to at least B2/B1 BER.
We also have 20k we would like to pay off mortgage in lump.
We are waiting to have our home valued and new BER done.
My question is does it matter at what point we pay in the lump of 20k? We are thinking of getting band change, then paying lump, then moving to green mortgage of 2.35% with payments increased by ~400 per month. Are we doing it all wrong or does this seem straight forward enough?
Hoping to reduce term by around 10years or so.
Thanks for any help
Wondering what other might do in my current situation..
Mortgage on PDH 272k - 25yrs left.
We are due a band move to 50-80% which will move us from 3.15% to 2.95%.
We have also done considerable work to the house that will move us from C1 to at least B2/B1 BER.
We also have 20k we would like to pay off mortgage in lump.
We are waiting to have our home valued and new BER done.
My question is does it matter at what point we pay in the lump of 20k? We are thinking of getting band change, then paying lump, then moving to green mortgage of 2.35% with payments increased by ~400 per month. Are we doing it all wrong or does this seem straight forward enough?
Hoping to reduce term by around 10years or so.
Thanks for any help