Leaving a small balance left to pay

Hi everyone,

We're in a position to pay off our mortgage early, however it is a shared ownership property, so at some point in the future we may buy the remaining share, or move elsewhere with full ownership.

My thinking is to hold back a small balance on the mortgage, keeping the term the same & a nominal monthly payment because:
 - It may be easier to borrow more on an existing mortgage than to start again
 - We have access to the overpayment reserve if it were needed in an emergency

Does this make sense, or am I missing something?



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