We'd like to remind Forumites to please avoid political debate on the Forum... Read More » This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 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!

Pay off all mortgage, or leave a relatively small balance?

RD42 Posts: 76 Forumite

30 June 2022 at 11:35AM edited 30 June 2022 at 11:36AM in Mortgage-free wannabe

Hi All,

Apologies if this has been done to death. Should I pay off all my mortgage, or leave a relatively small amount (£15K) to run over 12 years @ Base rate + 0.99% ?

Trying to decide if there is any reason not to pay it off completley?

Thanks

★ ★ ★ Meet your Ambassadors

Pay off all mortgage, or leave a relatively small balance?

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Categories

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free