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Mortgage or savings !!
mahony3
Posts: 16 Forumite
Hi all, I sort of know what I should do but need a bit of a gee up, I have a existing mortgage of approx. £13300 , the rate on the mortgage is 1.19 % ( 0.69 above base rate ) I currently pay £231 ( overpay by £100 ) a month, I have savings of £40.000 and get 0.93 interest on this ( £31 after tax ), should I just pay off the mortgage ?
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