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Sorry I've been away for a while. I've decided to pay 70k off the capital leaving me with 21k to repay. The interest will be 1.3k which I can live with even though it is a loss. I am more comfortable with this approach. I will decide next year whether to pay off in full or leave it the remainder...

This is something I have looked at. If I paid off 60k now coupled with increasing monthly repayments by 500 I would only pay ~1600 in interest. I could live with this as it would also leave me with more of a buffer to future downturns as gnf_ireland has suggested. But also, as you alluded to, I...

Hi, Thanks for advice guys. I have read many of your posts on AAM and know you give sound advice. I kinda guessed that would be the advice anyway. gnf_ireland Expenses are relatively low to be honest - I reckon we could get by on 20k-22k per year at the moment. I would have about 7-8 months...

Hi, I am considering whether to pay off my mortgage in part or in full - not sure which and hoping for some suggestions. I currently owe 92k on a variable rate of 3.7%. I have 14 yrs left but over pay by ~700 each month. I have 111k in various deposit accounts ranging from 0.1%-1%. I have no...