Saving to pay down the mortgage - 2004-01-30
We posess £9,000 each in Natwest cash Isas plus a two-year-old Norwich portfolio bond* (£10,000), £7,000 in the Halifax online saver, plus £31,000 in a Halifax current account. Our house is worth £125,000 and we owe £42,500 on it (4.5%).
We want to invest £20,000 to 25,000 for capital growth* at low/medium risk to give enough profit in eight/nine years to pay off the mortgage and hopefully cover education fees for the kids.
DW, Cumbria.
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