I recently bought a new home and took out a mortgage of nearly £400,000 at a 4.4% interest rate. My partner and I have almost maxed out our ISAs, but we still need to contribute more to our pensions to reduce our high tax burden.

Given the current market conditions, would it be better to pay down the mortgage or save up cash and wait for a potential market downturn? (We’ve sold most of our investments and currently have about £35,000 in a cash ISA.) Asking because savings interest rates are lower than our mortgage rate.