I've just received a nice redundancy payment and together with my savings I have 75k and not sure what to do with it. I've got 6 years left on my mortgage of which I owe 40k on a tracker for the remainder of this at 0.6 above base rate. I have 20k in ISA's and with a such low mortgage rate I'm pondering riding out the next 6 years and not paying off the mortgage. If I do this I don't know where to invest the rest of the 55k. Any help or advice would be appreciated.:)


  • Yorkie1
    Yorkie1 Forumite Posts: 11,396
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    I am not an expert, but if you're only paying 1.1% on your mortgage at present, you can make more interest elsewhere on your 40K.
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