Originally posted by mickey
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How much are you prepared to pay towards mortgage?
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Originally posted by NorthWestPerm2Contr View PostNo he just lives in the London region..... A lot of my friends living in the SE spend more than 60% of their permie income on rent let alone a mortgage that is actually going somewhere.Comment
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As little as I can get away with. I have no real interest in paying my mortgage off, that leaves me with a big chunk of total assets in a very illiquid form which would also consume a big proportion of my IHT allowance.
I would much prefer to have half of it still owned by the bank and use the relatively cheap money to invest elsewhere.Comment
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Originally posted by lukemg View PostAs little as I can get away with. I have no real interest in paying my mortgage off, that leaves me with a big chunk of total assets in a very illiquid form which would also consume a big proportion of my IHT allowance.
I would much prefer to have half of it still owned by the bank and use the relatively cheap money to invest elsewhere.
Bring down interest payments so you are paying less to the bank and can afford to invest more or use the money to invest instead of paying off the mortgage....Comment
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Originally posted by NorthWestPerm2Contr View PostNo he just lives in the London region..... A lot of my friends living in the SE spend more than 60% of their permie income on rent let alone a mortgage that is actually going somewhere.
I just structure my pay frequency differently.Originally posted by MaryPoppinsI hadn't really understood this 'pwned' expression until I read DirtyDog's post.Comment
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