Confused

319 Posts
My mortgage has expired so we have gone on to bank of england base rate plus 0.5%, am i better keeping my payments the same, or going with their minimum payment and putting the difference in to a savings account?
Thanks peeps x
Thanks peeps x
:jMarried on 12.12.12 to the best man alive! - FACT!:j
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Plenty of instant access accounts around 2.5%(eg egg,tesco,.....)
monthly savers are paying even more.
ISAs for the long term tax savings.
If you have then you could as others have said do 50/50 and overpay half save half
That way when mortgage rates do go up ( which they will) you are already overpaying and you wont notice for a while until the rate is higher than your regular mortgage payment.