Re: Paying Off Mortgage

In article <W0EBLTA6wePHFw$g@xxxxxxxxxxxxxxxxxxxxxx>,
john@xxxxxxxxxxxxxxxxxxxxxx says...
In message <MPG.21a798dc57b82e1a989d53@xxxxxxxxxxxxxx>, Halmyre
<nospam@xxxxxxxxxxxx> writes
If you're in the position to pay it off, is it a good idea to leave a small
amount outstanding on your mortgage? Doing so can apparently be of benefit to
avoid start-up charges if you ever want to move house,

No. It would only be of use if you wanted to borrow money from the same
lender on the same house. It wont help when borrowing more dosh on the
security of another house, in fact it will slow things up slightly.
maintain your credit
rating,

No.
safely store title deeds, etc.

Only for properties that are still 'unregistered land'. @registered
Land' is now paperless.


I would guess that the first of these
is probably most valid

Sadly, it is the most inaccurate.
, but is it really worth doing?


Not these days IMO unless the land is unregistered.


Thanks.

--
Halmyre

What in Swansea are going on here?!
.

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