By adding these funds to his loan repayments, he can repay his loan in 13 years. |
So, if you can comfortably afford the repayments, why not repay your loan over a shorter term, say, three years instead of four? |
It covers your repayments against accident, sickness, involuntary unemployment. |
These repayments do not include mortgage interest tax relief which, from January 1, will be deducted at source from your repayment by the lender. |
Buying the club extra time for repayments is the last piece in the financial jigsaw according to the chairman. |
You could therefore make a big dent in your repayments by switching to a cheaper deal. |