{"id":135082,"date":"2023-03-06T14:00:20","date_gmt":"2023-03-06T07:00:20","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-i-use-a-75000-inheritance-to-pay-off-the-mortgage\/"},"modified":"2023-03-06T14:16:41","modified_gmt":"2023-03-06T07:16:41","slug":"should-i-use-a-75000-inheritance-to-pay-off-the-mortgage","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-i-use-a-75000-inheritance-to-pay-off-the-mortgage\/","title":{"rendered":"Should I use a \u00a375,000 inheritance to pay off the mortgage?"},"content":{"rendered":"


\nI am wondering whether to keep some of the money in savings to help cover extra costs if we moveQ I\u2019m due to inherit about \u00a375,000 and I\u2019d like some advice on what best to do with it. We have about \u00a385,000 left on our mortgage. We have been considering moving house for the past couple of years but the houses we have been looking at are a bit of a jump from where we are now.Our current house would sell for between \u00a3250,000 and \u00a3270,000 but the ones we are looking at in the area we want to be in are on the market for about \u00a3400,000. We can overpay on our fixed-rate mortgage \u2013 which is due to come to an end in November 2025 \u2013 and have no restrictions to how much we can pay off. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Should I use a \u00a375,000 inheritance to pay off the mortgage?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

I am wondering whether to keep some of the money in savings to help cover...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-135082","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-z8K","jetpack-related-posts":[{"id":134307,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-i-buy-a-property-outright-or-take-on-a-mortgage-and-invest-my-money\/","url_meta":{"origin":135082,"position":0},"title":"Should I buy a property outright or take on a mortgage and invest my money?","date":"January 30, 2023","format":false,"excerpt":"\r My \u00a3200,000 offer has been accepted, I have \u00a3135,000 from sale of my flat and \u00a375,000 in savingsQ I have had my offer of \u00a3200,000 accepted on a property. I have also just sold my apartment for \u00a3135,000 (minus fees), and the transaction has completed. I\u2019m temporarily living with\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1274,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/we-want-to-extend-the-terms-of-our-interest-only-mortgage\/","url_meta":{"origin":135082,"position":1},"title":"We want to extend the terms of our interest-only mortgage","date":"October 22, 2015","format":false,"excerpt":"\r We have a reduced income but there is equity in our home and my husband is a beneficiary for his mother\u2019s London propertyQ My husband and I want to extend the term of our mortgage from the current five years from now up to 10 years. This is to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":104381,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/my-brothers-are-trying-to-split-the-proceeds-of-a-house-sale-fairly\/","url_meta":{"origin":135082,"position":2},"title":"My brothers are trying to split the proceeds of a house sale fairly","date":"February 25, 2019","format":false,"excerpt":"\r Two of them put in \u00a375,000 each and the other \u00a33,000, but they don\u2019t have a deed of trustQ Three of my brothers owned a house together, which they recently sold. Two of the brothers put \u00a375,000 each into the house and the third brother, who has not lived\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138963,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/i-have-a-joint-mortgage-and-want-to-pay-up-early-what-are-the-implications\/","url_meta":{"origin":135082,"position":3},"title":"I have a joint mortgage and want to pay up early. What are the implications?","date":"August 28, 2023","format":false,"excerpt":"\r I have recently inherited money and would like to pay off my share on the flat I own with a friend to avoid soaring interest ratesQ I own a flat with my friend as tenants in common. We have a deed of trust and each own exactly half the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114796,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/my-partner-is-moving-in-and-were-planning-to-share-our-mortgage\/","url_meta":{"origin":135082,"position":4},"title":"My partner is moving in and we're planning to share our mortgage","date":"March 9, 2020","format":false,"excerpt":"\r I\u2019m also wondering how to make sure my children are going to be OK if I should dieQ My partner is about to move in with me and is contributing \u00a310,000 from the sale of his flat. I however already have a hefty equity of around \u00a3210,000. The property\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":128411,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/can-we-buy-our-shared-ownership-property-outright-and-let-it-out\/","url_meta":{"origin":135082,"position":5},"title":"Can we buy our shared ownership property outright and let it out?","date":"August 1, 2022","format":false,"excerpt":"\r A reader asks if they can secure 100% ownership and get a buy-to-let mortgageQ I am currently living in a shared ownership property that I jointly own with my wife. We have a 25% share of the property which is valued at \u00a382,000. The full value of the property\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/135082"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=135082"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/135082\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=135082"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=135082"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=135082"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}