📨 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!

Should I pay off all or half?

jarv81178
jarv81178 Posts: 108 Forumite
Fourth Anniversary 10 Posts Name Dropper
in Mortgage-free wannabe
Hi, so I’ll soon be in a position to be able to pay off all my mortgage £200k! Great! A friend of mine recently said don’t pay it all off if you intend on moving somewhere bigger in next few years! 

What should I do? 

If I paid half and then if I saw the perfect bigger house could I then put down £100k on that house with intention to sell my place and get a smaller mortgage than my current one?
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.6K Banking & Borrowing
  • 253.3K Reduce Debt & Boost Income
  • 453.9K Spending & Discounts
  • 244.5K Work, Benefits & Business
  • 599.8K Mortgages, Homes & Bills
  • 177.2K Life & Family
  • 258.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture