Lump sum off mortgage?

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ShazC

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Hi, I'm about to be made redundant. I'll receive about 40K in my redundancy package. I plan to put about 25K of this off my mortgage (currently 70K with 12 yrs left of term). My partner has a job but it is not very secure. Should I use the money on the mortgage or would I be better off holding on to it and just using it to pay off mortgage every month?
Thanks in advance
ShazC
 
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