We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

equity/mortgage ratio

Is there an ideal ratio of equity in your home to the amount of mortgage you have, or is it always better to be mortgage free? Would be grateful for any thoughts.

Comments

  • UK007BullDog
    UK007BullDog Posts: 2,607
    Part of the Furniture 1,000 Posts Combo Breaker
    Forumite
    Well, for me personally I would love to be mortgage free and to pay much more into my pension plan, isa's and savings.

    Once I am a pensioner I dont want to be lumbered with a mortgage.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 355.7K Banking & Borrowing
  • 254.9K Reduce Debt & Boost Income
  • 456.1K Spending & Discounts
  • 248.3K Work, Benefits & Business
  • 605.9K Mortgages, Homes & Bills
  • 179K Life & Family
  • 263.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.