Savings rates are low if your mortgage rate is higher than your savings rate you could pay some off your mortgage now see what the rules are mine let’s me over pay by 10% per year without penalties now I imagine some of your savings are there incase of what if so you might have 6 months mortgage payments already saved incase but you might be able to pay this off your mortgage and if what if happens you could stop your mortgage payment until your overpayments were used up also consider if you had a child would you move for more space or catchment areas for schools or closer to family at the moment I have come to the conclusion it’s cheaper to move than to extend current home due to the rise off costs for building materials etc