I've remortgaged!

I've successfully remortgaged on one of my portfolio of buy-to-lets yesterday. Result. It brings to and end a penal rate of interest with the Leeds and Holbeck BS.   More to the point I've gone for a 5 year fixed rate REPAYMENT mortgage with Birmingham Midshires at 4.34%. Whilst having to make a small additional capital repayment to bring the LTV down the result for me is I'm paying £100 less per month and at the same time paying down the debt.

I've done the maths and with the repayment element I'm looking to save about £10,000 over the 5 years.  Things are looking just fine and dandy!

Then, just as I was sitting down to eat tea, basking in the success of my financial manouverings....a text. My tenant.

"Kitchen ceiling is dripping water.  Can't be good.  Shall I get Mick to have a look?"

 You win some you loose some!

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