Uncle Spielberg said:It is best to do repayment as you say even if you extend the term to 30 or 35 years as at least you are eating into the mortgage debt.
If you have a 95% interest only mortgage and property prices fall by 6% you are in negative equity and that is not nice.
No need to use Of course your eating into the mortgage debt, I guess around year 20 of a 30 year term is when that starts! NE IS NE at the end of the dayUncle Spielberg said:Read the whole context of the reply CR
Uncle Spielberg said:CR
The 2 sentances are unrelated to each other they do not follow on from each other
Now don;t you have some ringfencing to do