pay of my mortgage bar a penny

going to pay off my mortgage in the next week have had a letter saying i have an extra £295 to pay as i will be paying it off early, what if i pay it off bar a penny or so , what will happen ? :D

Replies

  • SmlSaveSmlSave Forumite
    4.9K Posts
    Part of the Furniture Combo Breaker
    Ohh, well done for being that position rwster.

    First check with your bank how much you can pay off without the extra charge - just in case.

    If you leave a few pounds in the account then it will continue as your mortgage until the end of the fixed term and you can pay it all off then!
    Currently studying for a Diploma - wish me luck :)

    Phase 1 - Emergency Fund - Complete :j
    Phase 2 - £20,000 Mortgage Fund - Underway
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