Please excuse my denseness, but I am in the forunate position of having only £10k left on my mortgage (ive been paying into it donkeys years), term due to end 2017. Im unsure of what to do next.
interest rate on the mortgage is 2% tracker. i have isas, which I'd rather not touch as Im single and will have a small pension, and savings of about £4k in 2 accounts, which i dont know the rates of currently but am finding out. also have an endowment due in may- will get about £4k. should i shuffle various pots of money together and pay the mortgage off? i have a student loan whcih i pay thru salary each month- thats about £7/8k, from 2007-9. No other debts. Am considering moving house, but not definite. Wherever i move I'll have to pay more for my next home as currently i live in a rough area.
Anyway, if anyone has wise words I'd be most glad to hear them
interest rate on the mortgage is 2% tracker. i have isas, which I'd rather not touch as Im single and will have a small pension, and savings of about £4k in 2 accounts, which i dont know the rates of currently but am finding out. also have an endowment due in may- will get about £4k. should i shuffle various pots of money together and pay the mortgage off? i have a student loan whcih i pay thru salary each month- thats about £7/8k, from 2007-9. No other debts. Am considering moving house, but not definite. Wherever i move I'll have to pay more for my next home as currently i live in a rough area.
Anyway, if anyone has wise words I'd be most glad to hear them