bought my house in 1991 for £85,000. still owe £72,000. changed to interest only mortgage about 3 years ago( due to financial reasons) the intention now is to sell the house around 2009/2010 and paying off the mortgage and moving to nottingham. The mortgage is due in 2013 .The value of the house at present is 270,000.Will I come unstuck? Friends say interest only is a bad idea but I think I have enough equity to buy a house in nottingham with the equity.
2006-07-08
11:53:51
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10 answers
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asked by
Anonymous