Yes, it will be just under 60K probably around £59,850.

When looking at repaying / redeeming a mortgage, there are other costs (fees) involved but closer to the time you can ask your lender for a redemption figure which should include all these costs. They should be detailed in your mortgage information.

You should also note that the figures used are not including any fees that were added to the mortgage when you applied.

You will receive an annual statement on your mortgage, and this will show you how your repayments have taken effect.

HTH

Sparky.