AIBU to be nervous about paying the mortgage off!

58 replies

Blondiebeachbabe · 11/04/2026 20:11

My 5 year fixed mortgage deal ends in November. The current interest rate is 1.54% The new rate will be 5.02% I’ve been saving like mad to get together enough to just pay it off in November. The balance will be £22k. I can do it but somehow I feel so nervous sending that money over and not having it to hand anymore. WWYD? I will have a bit more left in my isa for emergencies. I think it’s just that I’ve never spent that amount of money in one go before.

OP posts:

BlackSheepThisYear · 11/04/2026 20:14

Well done for saving all that money! Get it paid off and then you can keep saving and you’ll have a nice sum in no time. If you can avoid paying that interest then why wouldn’t you

Loulou4022 · 11/04/2026 20:14

Pay it off and start rebuilding your savings. You’ll never get as much interest on your savings as the interest you’d be paying on the mortgage .

ChrisTheBastard · 11/04/2026 20:14

Oh no, my steak is too juicy, and this champagne is too cold!

You're living rhe dream, enjoy it!

Lovelybitofpasta · 11/04/2026 20:14

How flipping wonderful!! Go for it! And massive well done and congrats x

rwalker · 11/04/2026 20:14

Pay it and if you did need a chunk of money before you built your savings up you could get a short term loan

Myfridgeiscool · 11/04/2026 20:14

Go for it OP! Pay it off. Buy a bottle of champagne to celebrate, then start saving.

Eestar · 11/04/2026 20:13

Kindly, YABU for feeling anything other than proud of yourself for paying your mortgage off!

I'm sure it will be a massive feeling of relief when it actually happens, and a great reason to pop open the bubbly and celebrate!

Smartiepants79 · 11/04/2026 20:12

Pay it! Get rid of the worry and then start saving again. Seems like an excellent use of the money to me.

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