Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

    • marmage
    • By marmage 10th Jan 18, 11:26 AM
    • 20Posts
    • 6Thanks
    Put savings into mortgage or savings account
    • #1
    • 10th Jan 18, 11:26 AM
    Put savings into mortgage or savings account 10th Jan 18 at 11:26 AM
    If you have 10000£ would you put as much of that into paying off your mortgage as possible (22.5 years remaining on 5yr fixed term of 2.25%)? Into a savings account to accumulate interest (any advice on what type? Or sort out a lease extension (currently 97 years remaining)?

    How do I go about working out which option will get me the best value? Thankyou in advance!
Page 1
    • G_M
    • By G_M 10th Jan 18, 11:35 AM
    • 43,357 Posts
    • 51,023 Thanks
    • #2
    • 10th Jan 18, 11:35 AM
    • #2
    • 10th Jan 18, 11:35 AM
    What is the interst rate on your mortgage?

    If you pay down the mortgage, does it allow you to draw the money back out (or take a payment holiday) later?

    How much can you earn in a savings/current account?
    Last edited by G_M; 11-01-2018 at 2:29 PM.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

1,325Posts Today

7,793Users online

Martin's Twitter