Any down side to paying a mortgage off?

[Salterns]

Hi
As per title really. I'm in a position to repay the last lump of interest only mortgage off, just wanted to check if there's any tax or other reason why that may not be completely to my advantage? Would it effect my credit rating? or any other reason? Thanks.

[Salterns]

Thanks all. Ok, looks like I will pay it off and join the other smug gits, the Aston will have to wait!

BoRED S2upid said:

I'd be inclined to leave a tiny bit though a few hundred quid spread over 5 years just to annoy the bank a little.

lol, thats a neat idea, but as I've never managed to get one over on my bank, I would expect them to have that covered in the very, very, small print buried in the small print, there must be some way for them to win under every circumstance..

[Salterns]

BoRED S2upid said:

I've got an account an ISA I think with Santander which I asked to be closed it's still got something daft like 5p in it they wrote to me every year I'm going to leave it there forever let them keep sending me statements.

lol, I think thats brilliant!


...btw, I'll be debt free at 47.... oh look, I'm a snug git already!