MK2 or Mortgage

[Martin]

Your Building Society will charge you £50 - £100 a year to hold your Title Deeds if you pay off the mortgage.

And as Custom has said you'll end up taking a loan out to buy something else at a higher APR than your mortgage is.

If you really want the mortgage gone then sell the car, but by the sounds of it you don't have a cripling monthly payment so I'd keep enjoying the car and keep the repayments going.

After todays sad event (RIP Bash) I'd say live and enjoy life today as you never know what is around the corner

[Aled]

Do what your heart tells you to do

[paul spence]

After todays sad event (RIP Bash) I'd say live and enjoy life today as you never know what is around the corner

well said martin

[a1topdog]

As stated above - a mortgage is the cheapest form of loan you can get. If you don't need actually pay the morgage off dont do it. If you do and you then need to raise a bit of cash in the future it will end up costing you more.

[76mex]

sell the mk2 before you write it off

[taffr]

sell the mk2 before you write it off

pmsl,

why don't you use the other cash you have to pay a chunk off, keep the mota gaz and get it out a bit more, you can get another mortgage, be a little harder to find a good car you know like your own

[Frosticles]

If you sell the MK2 Gaz and then have no toys to play with, that will mean having to spend time with the misses.........Think about it.

[RS1800]

sell the mk2 before you write it off

from a man with experience

[paul spence]

from a man with experience

[GAZ W]

If you sell the MK2 Gaz and then have no toys to play with, that will mean having to spend time with the misses.........Think about it.

Shudder

[grum]

Gaz, at least see if Forest get promotion to the top flight for next year, then you'd have to sell em both to afford a season ticket

[topaz]

consider a flexible mortgage, so when you have some spare cash knocking around you can bung it into the pot to bring the term down further

[Aled]

As stated above - a mortgage is the cheapest form of loan you can get. If you don't need actually pay the morgage off dont do it. If you do and you then need to raise a bit of cash in the future it will end up costing you more.

That's why (if you decide to pay it off), you should pay all, apart from the last £500 quid. It keeps your mortgage alive for a few quid a month.

[Chesney]

keep the car dude, its too nice to flog off

[npikey]

Any financal adviser thats worth anything would say sell and pay it off, be debt free,

but its such a difficult one to answer, personally i would keep the mortgage, a least for now especially as its nearing the end of the term, maybe even try to over pay and reduce the interest a bit ????

Got me thinking now