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Pay down or invest?
matt_outandabout
Posts: 35 Forumite
We are in the process of selling a small buy to let, £48k should be left over from the sale.
We are also remortgaging our current property, £130k mortgage at 1.19% for 5 years fixed.
In remortgaging to a better rate and over paying for a couple of years, we are down to 13 years overall to go.
Current house needs a couple of things doing, so we should have £40-42k left.
It's very tempting to pay down mortgage, but I'm also considering investing in a stocks and shares ISA for 5 years, £20k each. I would need to achieve over 4% in annual investment income to make it worthwhile.
I'm not a big investor, but I've watched my pension average 6-8% annually for 20 years now, the last couple of years (bar pandemic drop in early 2020) it's done even better.
Your thoughts and advice appreciated.
We are also remortgaging our current property, £130k mortgage at 1.19% for 5 years fixed.
In remortgaging to a better rate and over paying for a couple of years, we are down to 13 years overall to go.
Current house needs a couple of things doing, so we should have £40-42k left.
It's very tempting to pay down mortgage, but I'm also considering investing in a stocks and shares ISA for 5 years, £20k each. I would need to achieve over 4% in annual investment income to make it worthwhile.
I'm not a big investor, but I've watched my pension average 6-8% annually for 20 years now, the last couple of years (bar pandemic drop in early 2020) it's done even better.
Your thoughts and advice appreciated.
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