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Advice Wanted Please

Hi there,

I have a fixed rate deal with nationwide which finishes Dec 2010 @ 4.49%. £57K of the mortgage is on endowment / £35K is on repayment. I have recently had payout on 2 endowment policies totalling £45K. I am wondering if I should pay these off my mortgage now. Early repayment fees are current approx £750. Wonder if anyone could advise on what might be best. Thanks :)

Comments

  • Peelerfart
    Peelerfart Posts: 2,177 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Stick your money in the bank on the best rate you can get and pay it off when you can do so without incurring ERC's
    Space available for rent
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