Joining the club.

tomstickland

That was all formatted so it made sense, once again something odd is happening with the forum.

tomstickland

I'll sort it out later - there's an error with the forum.

Joe_Bloggs

@Tomstickland
You do not mention the rate of interest against which you are making overpayments. I can understand the motivation to get rid of a mortgage but it may make some financial sense to fill a cash ISA (£3600 max per annum ) first, and then pay off the mortgage.
If you have a low interest on the mortgage ( I'm tracking at 2.24% from Jan).Then it is easy to find and ISA to beat it. If you have a high interest rate then there may little choice but to overpay the mortgage as no ISA can beat it.

I can only overpay by 12 monthly instalments of £500 a year as I'm with Nationwide. It made sense to fill an ISA. whilst overpaying the maximum allowed.

J_B.

tomstickland

I'm in a 3 year fix at 6.6%, so have little chance of beating that with savings.I spent the previous 2.5 years building up savings because the rates made it worth it versus my intial 4.3% fix.