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

RD42 Forumite Posts: 76

Forumite

30 June 2022 at 10:35AM edited 30 June 2022 at 10:36AM 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

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

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