Essentially I took out a mortgage on my first house in 2017 - the terms were the right decision at the time - but now that circumstances have changed I really regret my decision.
I paid £190k for my house in 2017 and borrowed £130k on a five year fix, over 25 years.
However, I am almost 100% certain by the time I need to re-negotiate the mortgage in 2022 I will have lost my job (we have been taken over and it is going through the competition laws as we speak).
I now have savings that could have covered most of the £130k back in 2017, which is why I regret borrowing so much money over such a long period of time.
My gut feeling is that I want to get the mortgage paid off as much as I can so I have freedom to leave the company I work for - but I guess I will be hammered with penalties for clearing the mortgage early.
If okay to ask, I was wondering what would you do?
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AIBU?
AIBU to ask your opinion on my mortgage
40 replies
rachb2019 · 27/06/2020 23:20
OP posts:
Am I being unreasonable?
14 votes. Final results.
POLL
You are being unreasonable
57%
You are NOT being unreasonable
43%
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