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Paying mortgage in full
Winston21
Posts: 4 Newbie
I have £20,000 left to pay on my mortgage. The interest is 1.75% Barclays said i would pay £275 extra for paying it off early. Should I pay it in full ?
0
Comments
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Do you have the money to pay it all off in full now?
If so, would the money be better in a savings account/pension fund with a higher interest rate. There are some good saving rates if you shop around?
Do you have a back-up emergency fund?Mortgage balance October 2015: £99875 Mortgage balance June 2023: £69999.400
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