Soldato
Out of interest, does anyone here go with an Interest Only mortgage rather than a repayment one and then put the balance into their investment pot?
I know there's obviously a risk and that shouldn't be underestimated and you'd have to be very strict and have a plan in place and not just dip into the pot for general spend. But realistically, putting money away for >20yrs into a range of low risk funds should be profitable and insulate from short term market drops. My mortgage is split into 3 parts due to annoying timings when we bought our current house and we're locked for a few years yet so would incur some hefty fees to change now, but was just wondering if other people had any thoughts. Especially with how low rates are at the moment.
I know there's obviously a risk and that shouldn't be underestimated and you'd have to be very strict and have a plan in place and not just dip into the pot for general spend. But realistically, putting money away for >20yrs into a range of low risk funds should be profitable and insulate from short term market drops. My mortgage is split into 3 parts due to annoying timings when we bought our current house and we're locked for a few years yet so would incur some hefty fees to change now, but was just wondering if other people had any thoughts. Especially with how low rates are at the moment.