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Overpay instead of save?
flipper_72
Posts: 686 Forumite
Hi,
I currently save £100 per month in a regular saver account in my DD name, when i took this out it was 10% interest however i can't find the interest on the website any more. It has just matured for the year and i got £34 interest (and some pennnies can't remember what). Would i be better off paying this money off our morgage.
Taken out Oct 09 187000, 43k interest only, tracker at BOE plus 2.49% for 2 years then A&L SVR (when i will hopefully remortgage). (FWIW The house is a new build paid 250k average for style on estate 305k - will this be taken into account when trying to remorgage or do we need to increase equity?)
Thanks
I currently save £100 per month in a regular saver account in my DD name, when i took this out it was 10% interest however i can't find the interest on the website any more. It has just matured for the year and i got £34 interest (and some pennnies can't remember what). Would i be better off paying this money off our morgage.
Taken out Oct 09 187000, 43k interest only, tracker at BOE plus 2.49% for 2 years then A&L SVR (when i will hopefully remortgage). (FWIW The house is a new build paid 250k average for style on estate 305k - will this be taken into account when trying to remorgage or do we need to increase equity?)
Thanks
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