Should The Pay A Lump Off?

Hi there

My dad has just retired from teaching and has received his lump sum from the teachers pension scheme. He wants to use it to pay a sizable chunk off his mortgage reducing the monthly payments for Abbey from around £980 to £220. Is this the best time to be paying off a mortgage? He is now going supply teaching so has no fixed income and reckons that lower mortgage payments are the better option in the long run. Plus hes from the generation of people who hate owing anything! But Im not sure whether hes doing the right thing. Can anyone advise?
Katy

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