We’d like to remind Forumites to please avoid political debate on the Forum.

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.

The MSE Forum Team would like to wish you all a very Happy New Year. However, we know this time of year can be difficult for some. If you're struggling during the festive period, here's a list of organisations that might be able to help
📨 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!
Has MSE helped you to save or reclaim money this year? Share your 2025 MoneySaving success stories!

Once you pay off your full mortgage amount, what happens next?

2»

Comments

  • Strummer22
    Strummer22 Posts: 738 Forumite
    Tenth Anniversary 500 Posts Name Dropper Combo Breaker
    I may be jumping the gun a bit here considering it will perhaps still be a few years before I need this information, but I was still wondering what happens once you pay off your full mortgage amount to your Bank.

    Pop open the bubbly and book a holiday?
  • Makingabobor2
    Makingabobor2 Posts: 4,502 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    I may be jumping the gun a bit here considering it will perhaps still be a few years before I need this information, but I was still wondering what happens once you pay off your full mortgage amount to your Bank.

    Pop open the bubbly and book a holiday?
    Oh yes....that's what I have in mind....Very long cruise. LOL
    Making the debt go down and savings go up

    LBM 2015 - debt £57K / Now £27,644....its going down

     Mortgage Free December 9th 2024! 
    18mths ahead of schedule.  

    Challenges

    EF #68  £1000/£3000
    .

    Studies/surveys  December £86.68

    Decluttering items 1400/
    2025
    Books read    23
    Jigsaws done  19

    My debt free diary...https://forums.moneysavingexpert.com/discussion/6396218/we-will-get-this-debt-d£own-the-savings-up


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
  • 353K Banking & Borrowing
  • 253.9K Reduce Debt & Boost Income
  • 454.8K Spending & Discounts
  • 246K Work, Benefits & Business
  • 602.1K Mortgages, Homes & Bills
  • 177.8K Life & Family
  • 260K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K 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.