Currently owe £191K on a 4.3% fixed rate. £957 a month, no overpayments. Mortgage term is currently 30 years.
Can anyone who understands mortgages/interest please advise what my total owed amount would be in 3 years (36 months) once my mortgage is up for renewal? I realise i’ll be paying a big chunk in interest given the length of the mortgage term…
I’m trying to determine how much i’ll owe and what my LTV may be in 3 years when it comes to renew…
Thank you :)