Having been in an interest-only arrangement on my (still large) home mortgage with my bank for some time, I now have access to a lump sum that would enable me to redeem it in full. Happy days.
Should I just go ahead and do so, or should I ask them to propose a lower redemption figure on the basis that they will be happy to see me go?
Although paying off in full and walking away makes obvious sense in the short term, the wider frame is that I am not far off retirement and our pension largely has been wiped out via various shenanigans, so that apart from the house we will otherwise be in trouble.
Any advice or pointers appreciated.
Should I just go ahead and do so, or should I ask them to propose a lower redemption figure on the basis that they will be happy to see me go?
Although paying off in full and walking away makes obvious sense in the short term, the wider frame is that I am not far off retirement and our pension largely has been wiped out via various shenanigans, so that apart from the house we will otherwise be in trouble.
Any advice or pointers appreciated.