mortgage dilema

Ebo

I will have the chance to clear off most of my mortgage (if not it all) in the coming months. However, based on the likelihood of interest rates coming down further, would it be best to invest the money I have over the short term and then look to pay off the mortgage when interest rates start heading back up??

homer_j_3

If you can get an investement that pays more interest than what is being charged then yes you may earn a bit more money

I would probably try and clear as much as possible and save my mortgage payments but thats me as a hundred quid or so benefit doing what you want to do would give me, I would rather know my home was mine and that my mortgage payments money could be diverted elsewhere.

rdsmortgageman

I would suggest paying off as much of the mortgage that you can manage. If there is any balance left, continue paying the same amount as you were in order to repay any remaining balance quicker.