Should we pay off our mortgage or keep cash for renovations?

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Should we pay off our mortgage or keep cash for renovations?
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  • 📰 The Guardian
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We need to fix our roof and luckily my partner’s mother has offered us some money

Q We are in a very lucky position, and this is a nice problem to have. My partner’s mother has decided to retire early, inspired by the time she’s had to reflect during lockdown. As part of this she is selling her mortgage-free home in London to move out of the city. From the proceeds of this she wants to give us money to clear our existing mortgage.

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