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Pay some off mortgage or invest ISAs?
sarahpod
Posts: 1 Newbie
Have come into some money - £20,000 - and not sure what's the best financial course of action. Should we pay some off our large mortgage or put it into ISAs? (maxi/mini?) Don't really need access to it. Would it be better to try and pay off a mortgage in general? - Thanks
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Comments
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Its a matter of personal choice and your risk attitude. Tax situation may also come into play as well.
Whereas you should always really clear short term debts, with mortgages, the lower rate you pay means that investments dont have to work so hard to beat that rate potentially.
Sometimes people go with their heart, sometimes their head. There is no right or wrong here.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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