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Mortgage pay-off?
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Not sure if this might help you decide https://forums.moneysavingexpert.com/discussion/3650831Everything has its beauty but not everyone sees it.0
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The mortgage I have has no limit on overpayments made in a single year.
I have just logged on to check my account and the ERC based on the amount owing is £3120.0 -
Hiya, then it's a simple calculation, interest due over the life of your mortgage - is that less or more than your ERC? If it is cheaper to clear the mortgage then that's your decision made.
Good luck, Tilly2004 £387k 29 years - MF March 2033:eek:
2011 £309k 10 years - MF March 2021.
Achieved Goal: 28/08/15 :j0 -
Prevailing rates your paying out versus earnings should make this a no brainer for you.RosieTiger - Highest £242,000 Feb 2004 :mad:
Lightbulb Dec 2008 £146,000 by March 2026:eek:
MFi3T2 and T3 No 28 - Dec 2009 Start Balance £117,000
Current Position-Fully off set by savings since March 20130
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