My missus got a sizeable rebate from the taxman (makes a change) and we were wondering wether it would be worth using it to pay off part of the mortgage.

At present, our mortgage payments have been the lowest since when started it due to the reduction in interest rate. Our we better to leave the mortgage alone whilst the rates are low and pay off a lump sum later when the rates go up or should we pay off now?

Any advice is appreciated.

Thanks.