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Foreign trips and paying off the mortgage 'makes Brits feel free'

28 May 2009 07:42

Foreign trips and paying off the mortgage 'makes Brits feel free'

Paying off the mortgage has ranked just higher than foreign travel in a survey asking Brits what their opinion on the most effective route to freedom is.

Almost six in ten (58 per cent) respondents to the First Direct research listed getting the monkey of house payments off their back as a way of inducing feelings of freedom.

However, 46 per cent said heading to a foreign land makes them feel free, meaning almost half of the nation might be looking at travel insurance if they are feeling in a particularly liberal mood.

Meanwhile, more than one in ten (13 per cent) of those who pay off their home loan will celebrate by planning a holiday.

The survey was part of research that found 11 per cent of UK homeowners are set to be mortgage-free within the decade.

"For many, a mortgage represents the biggest debt they will ever have - the typical householder will have five mortgages over their lifetime, which is a massive commitment," explained First Direct spokesman Jimmy Kelly.

Those who have recently finished their payments and intend to set off on a foreign adventure may wish to invest in travel insurance.

People looking for advice on which countries are considered safe can check out the advice from the British Foreign, Commonwealth & Development Office.ADNFCR-1320-ID-19189458-ADNFCR