No mortgage causing credit problems?

[Cupramax]

I'm in the fortunate position of being able to pay my mortgage off by the end of this year. Will dojng this and having no other loans other than a credit card which i probably put a couple of hundred a month on, but pay off immediately. Will this affect my ability to borrow money in the future? Should i keep a small figure on the mortgage?

[MitchT]

Why not swap your existing mortgage for an offset one? That way you can just draw some cash out of that in future if you need a loan, rather than actually have to go and apply for a loan.

[Sid's Dad]

It shouldn't be any problem at all. I paid my mortgage off years ago, and all I have is a credit card which I clear every month and a mobile phone contract. My credit rating is fine. It helps more to have lived at the same address for some time, of course.