Pay off mortgage?
edited 30 November -1 at 1:00AM in Mortgages & Endowments
1 reply 346 views
I am planning on moving house this year. I have the funds to pay off my mortgage now .( there would only be a small redemption fee) . When I buy my next house is it in general better to transfer my current morgage , which is a tracker on a decent rate, and use my extra savings to pay the difference in the property values with cash , or pay off my mortgage now and reapply for a new one when I find a property. Either way , I am not planning on borrowing any more or extending the length of the loan when I buy the new property.
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