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A little advice please
laney26
Posts: 28 Forumite
Im not very good at calculations and not quite sure if im on the right board either but here goes. basically i have around £2000.00 and am not 100% sure wether to put it in my isa or pay into my mortgage. My mtge is Approx £55000 on a tracker currently 5.99% and my isa is paying 6.59%. Im more tempted to put it into the isa as an emergency fund as i never have enough money and it would obviousley be easier to access but if the gain from the mtge outweighs the isa then i would do that. Hope that makes some kind of sense. Any help would be appreciated. Thanks
0
Comments
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Your gain from the mortgage would be 5.99%.
Your gain from the ISA would be 6.59%.
It really is as simple as that.0 -
thanks for that. told you i wasnt very good lol0
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