Early repayment charges to pocket equity and expand portfolio?Make Text Bigger
I am looking to expand my property business, as looking to reduce hours at current job and focus on developing income from property.
I am considering remortgaging a property that is on a 5 year fix, as it has 60k of equity.
However, remortgaging before 2020 would cost £3500.
Appreciate peoples thoughts/experience of the opportunity cost and whether this is worthwhile? Natural instinct is I don’t want to pay the fee, but I guess that it’s the only way to bring forward financing, short of winning the lottery!
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