Do we / Don't we pay off the mortgage????

siovas

My husband has retired with reasonable lump sum. I will still be working for another 5 years or so. Do we pay off our mortgage or not??? relatively low at £40k. Everything has always been split because I have a good wage too, so does my husband pay it off and I reimburse him my half monthly til it's done or does he pay 'his' half and I continue the repayments to Santander for the remainder??? Any advice welcome.

pawlala

You have not provided enough information for anyone to possibly give you a suitable answer.

What would you do with the money if you didn't pay it off?
What is your interest rate?
What rate are you getting on savings?
Is it better to put into a pension scheme? (you)
Any early repayment charges?
Do you have any other more expensive debts?
Emergency fund - have you saved enough money to keep you going for at least three months if you did pay off your mortgage early?
What is the main reason to pay off the mortgage early?
What is the biggest reason not to pay off the mortgage early?