Most Britons would use a windfall to help pay off their mortgage

9 May 2013

 

Houseladder.co.uk reports that paying off their mortgage is top priority for the majority of homeowners in Britain.  
The research from JP Morgan Asset Management revealed that the one in six homeowners would use a £15,000 windfall to pay off part of their mortgage. Other popular long term choices were saving the money or investing it. Short term options which proved popular were home improvements and using the money for a holiday.
Keith Evins, Head of UK Funds Marketing at JP Morgan Asset Management, said: "Those in full-time work are focussing on paying down their mortgages, perhaps because they are worried about how a lack of job security could impact their ability to pay in future."


Houseladder.co.uk reports that paying off their mortgage is top priority for the majority of homeowners in Britain.  

The research from JP Morgan Asset Management revealed that one in six homeowners would use a £15,000 windfall to pay off part of their mortgage. Other popular long term choices were saving the money or investing it. Short term options which proved popular were home improvements and using the money for a holiday.

Keith Evins, Head of UK Funds Marketing at JP Morgan Asset Management, said: "Those in full-time work are focussing on paying down their mortgages, perhaps because they are worried about how a lack of job security could impact their ability to pay in future."

 

Back to index