Almost mortgage-free: now what?!

Hi. Just spotted this forum. I’m about £5k away from paying off the mortgage on a 3-bed end-terrace house — and I’m somehow terrified! Are there downsides to paying off mortgage? I once saw/heard a discussion that said lenders like to know that you owe money to other organisations: could being mortgage-free get in the way of deals for car, holiday home or daughter’s university costs?! Thanks in advance...


  • When you say "deals" do you mean "borrowing"?
    Mortgage start: £65,495 (March 2016)
    Cleared 🧚‍♀️🧚‍♀️🧚‍♀️!!! In 5 years, 1 month and 29 days
    Total amount repaid: £72,307.03. £1.10 repaid for every £1.00 borrowed

    Finally earning interest instead of paying it!!!
  • Incongruous, perhaps - but Yes…
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