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Tax benefits from mortgage ?
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Good post Joe - a lot of folk seem unaware of this optionI am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it.This signature is here as I follow MSE's Mortgage Adviser code of conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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Thanks for answering my question. So basically no benefit it keeping a mortgage on your house if you can pay it all off. The only benefits are in buy to let situations where the interest can be put against tax.0
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sinizterguy, it's not correct that there is no benefit in keeping the mortgage if you can pay it all off. Mortgages often have lower interest rates than cash ISAs and lower returns than stock and share ISA investing. Given suitable timeframes and tolerance for volatility either option can be better than paying off the mortgage.0
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