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Mortgage - pay off 100% or not?
Tax Planning and Financial

JJC
JJC
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7 Posts
1 year ago
0

I'm planning to pay-off a mortgage which is reaching the end of its fixed period shortly. Can anyone suggest any reasons why I might not pay off 100% - ie leave just a small balance? I know that the BS would retain a charge on the property at the Land Registry (which is a useful protection against some kinds of fraud) - any other benefits of keeping a small balance rather than 100% paying off?

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