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Any benefit keeping a small mortgage

dont_use_vistaprint · 2024-12-18 11:43:14

I have small mortgage of 37k on a property worth approx 340K at 4.68 % until July 2025. I have the option to make an overpayment this month of £4000 and again after January 1st of £3,300. This would be from savings currently in a T212 flexible ISA, which I could put back from momentum 60 day notice account., I’m not…

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artyboy Posts: 1,614 Forumite

20 December 2024 at 11:54PM

We've had a zero balance on ours for the last 10 years because I have no interest in paying the redemption fee. To be honest I'm not sure if it's still chargeable if it runs to its full term in 2030, but it will certainly cost less in real terms by then!

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