We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Confused
lozbenno
Posts: 1 Newbie
I have a mortgage in three parts and am now in a position to over pay, i would like to reduce my mortgage as much as possible. Is it better to add the overpayment to the part of my mortgage that has a higher interest rate running at 6.99% or the one tracking the base rate?
Thank you for any help
Thank you for any help
0
Comments
-
The one that charges the most interest.
Check you are allowed to overpay & by how much.Try to be a rainbow in someone's cloud.0 -
You'll probably get better replies if you post this here http://forums.moneysavingexpert.com/forumdisplay.php?f=15I refuse to be afraid of the big bad wolf, spiders, or debt collection agencies; one of them's not real and the other two are powerless without my fear.
(Ok, one of them is powerless, spiders can be nasty.)
As of the last count I have cleared [STRIKE]23.16%[/STRIKE] 22.49% of my debt.
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.5K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.5K Spending & Discounts
- 245.5K Work, Benefits & Business
- 601.4K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards