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Mortgage repayment

edited 30 November -1 at 1:00AM in Mortgage-Free Wannabe
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burtonbird51burtonbird51 Forumite
2 posts
Eighth Anniversary Combo Breaker
MoneySaving Newbie
edited 30 November -1 at 1:00AM in Mortgage-Free Wannabe
I have a mortgage of £18,500 with 11 years to go at a fixed rate of 6.59%. I am thinking about paying it off but after reading about high rate savings etc am undecided. How do I take this into account together with the £200+ per month I won't be paying out.

Replies

  • DVardysShadowDVardysShadow
    18.9K posts
    ✭✭✭✭✭
    If you can get better than 6.59% on your savings, save. Otherwise pay the mortgage down.
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
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