Better to pay off mortgage, or leave it as is?

AnotherJoe

I understand that Snarffie but the balance won't be falling that much.

This isn't a mortgage being paid off over two years (AIUI) it's a longer term mortgage that happens to have a two year fixed period. Then it would go into SVR or similar (hence the comment about going onto SVR i think). So each year the balance would drop only slightly.

If as you think it is indeed being paid off over the next two years them I agree with you.

snarffie

AnotherJoe,

The OP hasn't specified a term beyond two years, and without this info, the question can't be answered.

getmore4less

Need more info.

does the penalty drop to a lower level at some point like Aug 2017

what's the full term/current payment.

what are the terms of the max over payments

Is there a charge to change full term down to 2 year.

to better a £900 fee today you need to be able to do penalty free payments of at least £613pm across the 2 years.

A penalty free lump sum now will reduce that amount.

magicpork

Like other have asked, OP you should clarify the mortgage terms beyond two-year horizon..is your mortgage fully paid off if you keep up the payment for another two years?