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Mortgage advice
paarke
Posts: 1 Newbie
I currently have a mortgage with Nationwide. I have recently been left some money with which I could pay off the majority of the mortgage leaving around £6000 outstanding. I have no early payment or redemption fees with the mortgage. I am considering moving, probably sometime this year, although my house isn't currently on the market. I will be wanting a bigger property and will require a bigger mortgage. I'm not sure if I'd be better to pay the money into the mortgage now, or hold onto it and leave the mortgage as it is until I move. Does anyone have any ideas?
0
Comments
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If you can get a better savings rate than the interest you're paying, I think you'd be better doing that. What interest rate are you on?0
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