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lump sum or monthly overpayment
sunyou
Posts: 2 Newbie
Hi im looking for advice.
i've got a mortgage of approximatley £130000, with 25 years remaining, my inerest rate is 2%. im not sure if making monthly overpayments will be better than making lump sums every year in terms of intrest charged. what ever i overpay it will be around the same i.e £5000 per year or £5000 / 12 months.
any help?
i've got a mortgage of approximatley £130000, with 25 years remaining, my inerest rate is 2%. im not sure if making monthly overpayments will be better than making lump sums every year in terms of intrest charged. what ever i overpay it will be around the same i.e £5000 per year or £5000 / 12 months.
any help?
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