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craig12

Whats The Best Thing To Do

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in the event of a shtf scenario if i have enough money to pay my mortgage off am i better

paying it off before the shtf or keep it as a mortgaged property should bank capital controls come in

regards craig

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why not do what I do - have an offset mortgage. You can be paying near zero interest, and unless SHTF overnight, at the click of a button you can 'pay' off the mortgage. I did a test run of it with the bank end of last year. Took 2 days to be credited.

Just make sure the offset T&Cs have no penalties for early repayments.

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I have fix rate for ten years. If by some mircle interest rates are higher than my mortgage rate does it make sense to pay of mortgage rate earlier or save it until ten years is up and then pay it off?

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