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Early Mortgage Payment
mixathome
Posts: 1 Newbie
I was told by a friend that it could be beneficial to leave a very small amount of mortgage debt, i.e. £20 or so, to run the full term because this may help increase my credit rating for a future loan or provide tax benefits.Could anyone tell me if this is true. Many thanks
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Comments
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That really depends on your current credit situation, and what kind of mortgage you have/had (i.e. if you have a flexible mortgage with a large facility, it's going to be a lot less useful, since it'd still be taken as possible indebtedness).Scott0
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