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LHW99 said:Good feelings are nice, but having 3 years left to go on a fix probably means there will be a penalty for early repayment. May not be much, but if there's no need to pay it, I (personally) wouldn't.I would certainly do as suggested above and put £17k into a 3-year fix, so there's no temptation to spend what you need to use in future to pay off the mortgage.1
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BooJewels said:Plus, our mortgage payments had been a significant part of our monthly outgoings and that in turn meant when he wasn't sure he wanted to continue with full time work, we could afford for him to go part time, as our expenses were pretty much halved without the mortgage payments. Then when he wasn't really well enough to work, it meant we could manage on the benefits he then qualified for - it would have been very difficult with the mortgage still in place.Remember the saying: if it looks too good to be true it almost certainly is.0
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jimjames said:BooJewels said:Plus, our mortgage payments had been a significant part of our monthly outgoings and that in turn meant when he wasn't sure he wanted to continue with full time work, we could afford for him to go part time, as our expenses were pretty much halved without the mortgage payments. Then when he wasn't really well enough to work, it meant we could manage on the benefits he then qualified for - it would have been very difficult with the mortgage still in place.
I'm sorry that you feel it necessary to question what I'd posted and that you 'can't see' why we took that decision. Maybe in today's market, it might well be different. If nothing else, it gave my husband enormous comfort to know we'd secured my future home, when everything else was so uncertain.3
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