Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Guardian - UK
The Guardian - UK
Business
Virginia Wallis

I have a joint mortgage and want to pay up early. What are the implications?

Different colour houses on a street in England
The reader is worried about rising interest rates and their impact on their mortgage repayments. Photograph: Edward Simons/Alamy

Q I own a flat with my friend as tenants in common. We have a deed of trust and each own exactly half the flat. Our mortgage eventually will be paid off in five to seven years.

The interest rate is high and I worry that at the end of our two-year fixed term it will be even higher. I have come into some inheritance money and want to pay off my share of the mortgage.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.