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Pay off a Buy to Let

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  • AnotherJoe
    AnotherJoe Posts: 19,622 Forumite
    10,000 Posts Fifth Anniversary Name Dropper Photogenic
    The will only be around £15k probably less to pension each year for 40%.
    I think the OP is retiring this year so that's a one off chance to get about £4K for free.
  • berbatov10
    berbatov10 Posts: 376 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Sorry for the delay. I retire October 2019. So I think the strong suggestion is put the money into extra pension and keep going with the BTL mortgage
  • dimbo61
    dimbo61 Posts: 13,727 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Like I said speak to your accountant and check if there are limits to what you can pay into your pension ( do this very soon before 5 April )
    If you cannot earn much in interest then overpay the mortgages
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