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Best way to pay off final £15k of Mortgage
edited 30 November -1 at 1:00AM in Mortgage-Free Wannabe
14 replies 1.6K views
Hi, we have 15k left on our mortgage with Halifax, our current 3 year fixed rate ends in March. It has 25 years left in theory. We have been paying an extra £100 a month on top of the regular £200. The property is worth approx £100,000. I am lead to believe that we can only pay 10% of the mortgage without penalties so i am concerned that will slow down our aim to be mortgage free. We don't have savings to cover the 15k. Any advice and tips would be appreciated. :rotfl:
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