Pay Off Mortgage or.....

Debtslayer

Personalky i would pay off the mortgage, especially with quite a high interest rate, which is also variable so could rise in the next 6 years.
But i like the thought of being mortgage free
How long would it take you to save this amount again if you pay it off?

MerrilyA

Being mortgage free would be the option I'd take.

I assume you're still able to add to your saving pot. Will your remaining savings and income be enough to support your son and all other household affairs with some to spare?

If yes, then pay off the mortgage I think.

Thrugelmir

Miss_Poohs wrote: »

I did Thrugelmir but can't say they were very helpful

Lenders have to operate on a commercial basis. So will have minimum amounts. The time to refix the mortgage was when the balance was higher.

Miss_Poohs

I'm going to phone - ask for a settlement figure.
I'm leaning toward paying it off.
I would just leave the payment as is, send it straight to a savings account, to collect up.
We're OK for Uni being that we're in Scotland.....unless he changes his mind, but l can't see that happening not in the next year or so anyway.
Thank you all, it helps to say it out loud get some opinions