Anything to consider before fully repaying mortgage?

[bqf]

Some lenders will let you keep the mortage open with £1, meaning they will continue to store your deeds securely, and you can raise a mortgage in future without excessive agg. Nationwide used to do this (I used to be one of their branch managers).

[bqf]

bqf said:

Some lenders will let you keep the mortage open with £1, meaning they will continue to store your deeds securely, and you can raise a mortgage in future without excessive agg. Nationwide used to do this (I used to be one of their branch managers).

I probably should have read page 2.

[Johnnytheboy]

bqf said:

Nationwide used to do this (I used to be one of their branch managers).

Do they no longer do this?

[Ean218]

Johnnytheboy said:

Do they no longer do this?

Well they let me do it at the end of last year, we'd paid the mortgage down a couple of years ago, but left it still alive as it had another ten years to run. Last year we decided we'd have an extension, wrote a nice letter to Nationwide and the money was in my Flexaccount a couple of days later.