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On the other hand - we will probably move again in 3-4 years
Lots of strong arguments against buying and selling in such a short timeframe, particularly stamp duty. Probably cheaper to sell your existing place, sit in cash and rent somewhere than to pay stamp duty twice in that period.
NickCJ-
Only if house prices are stable.
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If @swedeee is only two years in then he'll have only paid 5% stamp duty between £300 and £500k. Saved me a chunk as we'd budgeted for full whack.
andyp
umop3pisdn
going to be remortgaging in the next few months. what factors do people take into account when deciding on how to much to overpay/up their monthly payments by? I am in a much stronger financial position than I was when I took out the mortgage 2 years ago so could comfortably double the payments and cut down the loan period quite significantly (its currently 33 years - I'm only 28)....
at the same time, interest rates are so low that I am not really in a huge rush to get it paid off - with savings from salary going into my S&S ISA etc. On the other hand - we will probably move again in 3-4 years and as my partner doesn't earn a huge amount it would be great to build even greater equity in our place, in time for our next move