My mortgage balance is about £100 due to overpayment. I am now on lenders variable rate (5.99%) with 8years to go and no ERC. Should the mortgage be redeemed? I'm worried the lack of a mortgage could have a negative impact on my credit score since I rarely use my credit card. There is also cost to storing the deeds to consider.
I plan to extend or purchase another property within the next 1.5yrs (depending on a lot of factors) so not entirely mortgage free.
I plan to extend or purchase another property within the next 1.5yrs (depending on a lot of factors) so not entirely mortgage free.
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