Since kids growing bigger we plan to change to bigger flat will need to get a new loan.

Depends on

• the loan quantum
• what you need the cash for/what you will do with the cash versus your current financial situation and commitment

If you're looking to sell your current house to get a bigger one, it's important to consider your financial priorities. Paying off your home loan early could reduce your debt and interest payments, but it might also tie up a significant portion of your cash. On the other hand, keeping more cash on hand could provide flexibility during the transition to a new home, but it's important to weigh the opportunity cost of not paying off the loan.

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Given that you're planning to sell your current house, it might be beneficial to assess the potential proceeds from the sale and the equity you have in your current home. This information could help you make an informed decision about whether to pay off the home loan early or keep more cash on hand. Additionally, considering the costs associated with purchasing a new home, such as a down payment and moving expenses, is crucial in determining how much cash you should retain.

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You can also use this calculator to determine what monthly mortgage repayment you can expect or afford for the new bigger house