Exit Plans?

[Snooky]

Thats is done. Went into my bank branch today and made the transfer to pay off our entire mortgage. Me and missus are now debt free AND going out for drinks to celebrate. Have great weekend everyone!

Congratulations!
We paid off ours last December and, while it had dwindled to a tiny interest payment, it still felt good to be free & clear.

[oliverson]

Thats is done. Went into my bank branch today and made the transfer to pay off our entire mortgage. Me and missus are now debt free AND going out for drinks to celebrate. Have great weekend everyone!

Nice one, must feel great.

I imagine when I've sold Spain and paid off the UK mortgage it will be fantastic, both mortgages being settled a few days apart.

[Dorkeaux]

We locked into a fixed-term 5-year IO mortgage a few years ago.
Not very much left on it, last of the stupidly low interest rates.

We could pay it off, but we're making more money on interest than we're paying for the same amount of mortgage debt.
It probably makes sense to pay it off when the deal is up in a couple of years. The interest rate will probably be a Squillion by then.

I'd love to say it's because I'm a financial genius, but that would be an obvious lie.

[Ketto]

Thats is done. Went into my bank branch today and made the transfer to pay off our entire mortgage. Me and missus are now debt free AND going out for drinks to celebrate. Have great weekend everyone!

Nice one.

The Willendure of old would have celebrated this news by buy purchasing a new BTL.

[willendure]

'mortgage'??
what's that??

Beats me, I've got no idea what it is!