What's the best way to over pay

olly49

Hi to all

I have a £78,000 mortgage split into 4, with the Coventry, on daily int.
There is 3 on SV and £36000 on fixed for 5 years.

I have at the moment an extra £60.00 each month which I would like to overpay.
The question is do I pay the £60.00 in the middle of the month or do I split this up and pay £20.00 each week for Maximum effect.

Can someone tell me the best way forward.

Regards
olly49

dimbo61

First of all pay it off the part of the mortgage with the highest interest rate and second pay it off as soon as you get paid into the bank.
contact your lender and set up a standing order.
Have you got a good emergency pot of 3/6 months of income ?