Pension / Mortgage dilemma…..

**SupremeSpod** · 2 September 2010, 11:03

Originally posted by Wilmslow View Post

I am on an interest only mortgage, obviously good to get rid of this asap.

If I was to contribute what I am putting into my pension, I can blitz the mortgage in around 10 years or so. (Mortgage is around 200K mark, if I sell the BTL at the same time, all sorted).

As mortgage rates are really low just now, I have already got a few years of pension already behind me, I am seriously considering focussing on repaying the interest only mortgage off while rates are good, then re-thinking the pension.

Is this a really daft thought?

Accountants don't have interest-only mortgages.

What does that tell you?

**Wilmslow** · 2 September 2010, 11:50

Originally posted by SupremeSpod View Post

Accountants don't have interest-only mortgages.

What does that tell you?

That tells me accountants don't have interest only mortgages - perhaps because they are all very sure of regular income, unlike the IT Crowd.....

I like the way I can increase and decrease payments depending how the income levels are faring.

**SupremeSpod** · 2 September 2010, 12:39

Originally posted by Wilmslow View Post

That tells me accountants don't have interest only mortgages - perhaps because they are all very sure of regular income, unlike the IT Crowd.....

I like the way I can increase and decrease payments depending how the income levels are faring.

And that helps you how with an interest only mortgage?

iirc you're a permanent employee working for a certain supermarket. I'd have thought your income would be reasonably predictable.

Pension / Mortgage dilemma…..