We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
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
-
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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.5K Banking & Borrowing
- 253.3K Reduce Debt & Boost Income
- 453.9K Spending & Discounts
- 244.5K Work, Benefits & Business
- 599.8K Mortgages, Homes & Bills
- 177.2K Life & Family
- 258K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards