[holland]

Hello,

If we sell house, before we go in November, it will cost us £1800 to pay off our mortgage as we are tied in for 3 years. I have been doing research this morning as Martin Lewis has been on GMTV!!! He mentioned that their may be a way this can be avoided, after visiting his website, his tip is to pay the majority of the mortgage off and leave £50.00 in account, and just pay interest on that, and after the time has passed, pay that off.

Seems too good to be true, but will be looking through all mortgage info today to see whether or not this is an option for us, so thought i'd share in case anyone else is in our position.

J x

[willowshouse]

What you need to find out is if you are allowed to make an overpayment .. which is what it would be if you paid off all but £50 of the mortgage. Some mortgages will not allow this.

[holland]

Yes, I willbe checking all that today,thanks for advice...just hope theres a loop hole!!

J

[Chiba]

Your bank will also keep your deeds if you do that. That's handy because getting a safety deposit box, or other safe storage, costs money. :)