From: "Chris Long" 
Newsgroups: uk.finance
Subject: mortgage interest again
Date: Tue, 23 Sep 2003 18:19:44 +0100

Ok, I'm referring to the post below regarding mortgage repayments

I basically want to know the quickest and most cost effective way of
repaying my mortgage.

Payment per month at the moment is about £850.

If I increase my payment per month to £1400, and also contribute lump sums
occasionally, I would be reducing the payment duration by x amount of years.

More beneficial interest rates aside, what is the benefit of remortgaging?
If I remortgage with the same repayment date, or even reducing it, how does
it affect the interest I pay?

thanks for any help

--
Chris Long
www.chris.a.long.btinternet.co.uk

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