14:08 PM, 8th August 2022, About 2 months ago 17
Hi everyone, I have a £100k cash fund in the bank and it is losing 10% ( ?) pa due to inflation. I also have a Buy to Let interest only mortgage in my personal name on a single-let apartment costing 4% on Sonia standard variable rate term and rising.
This mortgage is due for redemption in 2 years.
Should I use the cash in the bank held fund to pay off the mortgage and keep the property or keep a contingency fund in place?
Any thoughts would be appreciated.
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