Hi all,
Long time reader, first time poster.
I'm in a lucky position at the moment to have savings of ~twice the value of the outstanding mortgage (60 + 120k). The mortgage is on a tracker at 1% and the savings are split between 3 savings accounts with 2.7%,2.5% and 1.65% interest rates. With DIRT and the rest I reckon I'm not too far off the breaking even between savings and the mortgage, I don't know whether to pay off the mortgage (and be left with half the savings) or keep going as is.
We've no interest in moving house, or buying an investment property so can't see the need to get another mortgage at any stage in the near future.
Long time reader, first time poster.
I'm in a lucky position at the moment to have savings of ~twice the value of the outstanding mortgage (60 + 120k). The mortgage is on a tracker at 1% and the savings are split between 3 savings accounts with 2.7%,2.5% and 1.65% interest rates. With DIRT and the rest I reckon I'm not too far off the breaking even between savings and the mortgage, I don't know whether to pay off the mortgage (and be left with half the savings) or keep going as is.
We've no interest in moving house, or buying an investment property so can't see the need to get another mortgage at any stage in the near future.