Thinking about adding a loan onto our mortgage. Current mortgage is £450 a month with 27 years to go. Loan repayments are £395 a month with two years to go. Fixed term on mortgage coming to an end next month. If I get a new fixed deal for two years payments will be £300 a month. If I add loan amount to mortgage payments will be £335 a month.
I know that I will end up paying a lot more in the long run by adding the loan to mortgage - 27 years rather than 2 but that extra almost £400 a month would be really handy at the moment as we are trying for baby no 2.
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Please
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AIBU?
AIBU To add £10,000 loan onto mortgage
42 replies
ChipsCheeseAndBeans · 17/04/2017 15:55
OP posts:
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