Mortgage.. Pay off or Keep Savings.. help

I have reached that point where my savings are more than my debts (thanks to money saving help)
In September I am able to pay off my mortgage without penalty.  My savings currently pay me more(only a little more) per month than the interest I pay on the mortgage.
What shall I do?
1) pay off mortgage early
2) not pay off mortgage early
Im interested in what other people would do?
pay all debts off 2023-No 30 paid £3340.45/£7941


  • powerspowers
    powerspowers Posts: 1,100
    First Anniversary First Post Name Dropper
    Congratulations on being mortgage neutral!! I’d keep the mortgage running and pay it off if the rates went up a daft amount. 
    MFW 2021 #76 £5,145
    MFW 2022 #27 £5,300 
    MFW 2023 #27 £2,000
    MFW 2024 #27 £500/ £3,600

  • gill5blue
    gill5blue Posts: 643
    First Post Name Dropper First Anniversary Combo Breaker
    Thanks for your comments, I will leave as it is and just keep an eye on things.
    My tipping point being financially neutral was end of April 2022.
    Now I shall try and keep my savings and add to them.
    pay all debts off 2023-No 30 paid £3340.45/£7941

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