I have recently come into some reasonable money after my aunt passed away. I have been discussing with my partner what we should do with this sum and in the end we have decided that we would like to pay it into our mortgage. Is this at all possible? Can anyone tell us more?
Yes, it is possible. However depending on the type of mortgage you have and on your mortgage provider this will be subject to... what should you call it? Higher interest rates, administrative costs, fees, charges... whatever they call it. You might have to pay them for paying off even part of your mortgage early as obviously they will be losing out because of it.
