hi all newbie here so hope i.m posting in the correct place
scenario as follows ;
we have a completion date of 13 may 2022
we have an offset mortgage
the offset currently stands at approx 800 less than mortgage balance
we have money in other savings that would more than bring the offset level
my dilemma
do we pay the mortgage off now
do we just put the savings in the offset to bring it level then draw down on it each month to keep it level
or do nothing
the reason being we are hoping to put the house on the market soon but defendant on the house market not sure if or how long it would take to sell
we may or may not require another mortgage when we move
scenario as follows ;
we have a completion date of 13 may 2022
we have an offset mortgage
the offset currently stands at approx 800 less than mortgage balance
we have money in other savings that would more than bring the offset level
my dilemma
do we pay the mortgage off now
do we just put the savings in the offset to bring it level then draw down on it each month to keep it level
or do nothing
the reason being we are hoping to put the house on the market soon but defendant on the house market not sure if or how long it would take to sell
we may or may not require another mortgage when we move