Pay some off my mortgage or invest in ISA?

Mummykins

Hi, I am useless with figures and haven't managed to work this out using the tool in the mortgage section. I have a Nationwide variable rate mortgage (2.5%) and have £9,000 available to overpay on it which I can do. However, I am wondering whether I should keep some back and invest it in an ISA instead. I have approx £53,000 on my mortgage at the moment. What do you think? Any help would be appreciated.

Thanks

littlemrtinkle

you can get a 3 % fixed isa with halifax
or a isa with barclays for 3.61% with barclays golden isa

will you ever need the money in an emergency, (with an isa you can only save a max £3600 per person). Maybe put £3600 in an isa and £5400 off mortgage, if your mortgage rate goes up pay the isa money off mortgage?

But Personally i would pay off all the money off mortgage because it would make me feel better knowing the balance has gone down :-) Choices Choices