Are you know what happens when you pay off your mortgage UK? If you pay off your mortgage early, you can't use the money for anything else that could be an alternative investment (like buying another property), spending on luxuries like a new car, or may face costs such as replacing or paying your roof, School fee. When you pay off your mortgage loan in full, the lender must cancel the mortgage promise letter you signed and when you took out the loan. If you need to buy a property in the UK, Hamilton International Estates offers apartments, flats, houses and properties at affordable prices. Call Me: +44(0)1628 397840