Unless you have an off set mortgage
Not when the mortgage is at 2.99%, pretty much paid off, and with less than 10 years left on the term
I looked into paying the mortgage off as a lump sum after I sold the BMW, but actually with the low interest rates and my plan to waste about £50K on a car in 2 years time, it makes more sense to keep the mortagage going, and than if I need to, in 2 years I'll have the option to 're-mortagage' at a stupidlly cheap rate, and than pay if all off again pretty sharpish, whilst still having access to equality that's not locked up.
Looked at 'stock/shares' funds. Many people reporting 8-10% returns in the last few years with a mixed portfolio, and I know on the whole, the FTSE 100 has gone up decade on decade....But I'm just a wuss, and don't have enough balls to lock a large sum up in a 5 year investment fund
For me anyway the offset works great ... 90k mortgage over 90k savings = no interest mortgage
Yes I could probably be better off doing something with my savings , but at the moment I can get away with only having to work 2 days a week , which gives me more time with my loved ones
Anyway , did you get the tt in the end?