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Whether to Pay Off Mortgage or not.

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  • gentlepurr
    gentlepurr Posts: 4,123 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    can you make overpayments without penalty? if you can, why not pay a chunk off, but keep some back in case you need it?

    xx
    "It is not uncommon for slight acquaintances to get married, but a couple really have to know each other to get divorced." - Anonymous
    :)
  • caroleiw
    caroleiw Posts: 222 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    The solicitor that we have our deeds with do not charge for storage. I guess they assume that you will use them when you need any solicitor work doing. We have our wills with them and will probably use them if we bought or sold again. I think that this is quite common.
    Carole
  • skintchick
    skintchick Posts: 15,114 Forumite
    Debt-free and Proud!
    How did you manage to save £22,000? I'd love to get some decent savings!
    :cool: DFW Nerd Club member 023...DFD 9.2.2007 :cool:
    :heartpuls married 21 6 08 :A Angel babies' birth dates 3.10.08 * 4.3.11 * 11.11.11 * 17.3.12 * 2.7.12 :heart2: My live baby's birth date 22 7 09 :heart2: I'm due another baby at the end of July 2014! :j
  • You can put up to £3,600 in cash in an ISA from 7th April. :T FYI.
    ;) Once bitten, twice covered in tobasco.
    Mortgage as of 1.3.08 =£83,281 The countdown has begun
  • Jonbvn
    Jonbvn Posts: 5,562 Forumite
    Part of the Furniture 1,000 Posts
    caroleiw wrote: »
    The solicitor that we have our deeds with do not charge for storage. I guess they assume that you will use them when you need any solicitor work doing. We have our wills with them and will probably use them if we bought or sold again. I think that this is quite common.
    Carole

    Storage of deeds is no longer necessary, since they are stored electronically with the land registry.
    In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:
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