We plan to use £35,000 in savings to help clear the remaining £48,700
Q We are hoping to clear the remaining £48,700 of our mortgage. We envisage being able to pay it off in full in two years’ time.
We have £35,000 in savings, which we plan to use to pay off that much of our mortgage next month. This is because our fixed-rate mortgage will be due for renegotiation. This would leave us with £13,700 left on our mortgage.