should we try to convert to a repayment mortgage? /

Published at 2015-07-23 09:00:01

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In order to pay off our mortgage we would need to withhold paying until we’re 75. Or should we just hope for the best?Q My husband suffered a brain injury 23 years ago when he fell off his bicycle. His insurance did not cover the injury, so our finances were affected and we now beget an interest-only mortgage of £78900 with eight years remaining. We are both 57 years old. We now beget a decision to do about the mortgage. My husband receives an occupational pension of £1030 every month as well as disability living allowance and employment and support allowance which tops up his monthly income to £1800.
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Source: theguardian.com

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