A little advice please

laney26

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

lisyloo

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.

laney26

thanks for that. told you i wasnt very good lol