NorthernMonkey1 wrote: »
If you read through a few diaries, there are quite a few people who aim to be mortgage neutral rather than mortgage free.
The idea being if you have £100k mortgage and £100k in an isa, you could pay off all your debts with savings of the need arose, but you retain flexibility of having easy access cash if the need arises.
If you’re using a cash isa, the interest rate will be less than the 2.64 you’re paying on your fix rate, so you need to find the balance that works for you.
Either way, by spending a lot less than you’re eating you’re putting yourself on the front foot for the future.
Cheery_Daff wrote: »
Just popped in to see how you're doing - and I'm delighted that it does indeed look like you're doing splendidly, well done! :j :j :j Very impressive overpaying :j :j :j and it's making a huge difference. Gosh, how lovely to be mortgage free in 10 years :money:
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