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Do I pay off my mortgage?
seftonbarn
Posts: 25 Forumite
in Credit cards
My mortgae consists of 5 separate sub accounts that total about £100K. 4 of the sub accounts charge me 1.34% interest so I am happy to keep them running despite having sufficient captal to pay them off. But one of the sub accounts is due for repayment 01 Apr 17 at £12K and I am paying 2.5% interest on that account. I have used up all my ISAs. Would i be better off paying off this £12K or is there somewhere that I can get better than 2.5% net investment bearing in mind I pay 40% on the top part of my income.
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