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Some Advice or thoughts....What Would you do.

Options
Hi all. Just after some words of advice.
I follow the MFW forum and the pension forum.
Will post on both but value your thoughts.
Mortgage balance stands at 108k. House value is 245k.
Mortgage term remaining is 6 years and 8 months. Mortgage payment per month is £1266 with no overpayments.
Savings approximately 75k
Looking to retire at 55. (I'm 50)
My salary is not great with only small amount of cash left at end of month, say £100. I'm pretty frugal.

OPTION 1
Pay 60k off the mortgage (leaving 15k emergency fund)
Continue with £1266 monthly payment for the next 3.5years (rough calc)

OPTION 2
Make smaller overpayments to bring the mortgage down to 6 years, retire at 56 so not "eating into savings". Use savings and DC pension pot (Total £225k estimate at 55) to fund 10 years before other DB pension kicks in at 65.
This discussion has been closed.
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