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overpay mortgage or loan?

kstar_2
kstar_2 Posts: 14 Forumite
in Debt-free wannabe
I have loans with Northern Rock and Black Horse, I know that I can overpay the Northern Rock loan, not sure about the Black Horse loan.
Then I have my mortgage, I would like to overpay at least one of these, but which one?:confused:

Thanks

Comments

  • Beth86
    Beth86 Posts: 428 Forumite
    Whichever has the highest interest?
    Beth86
    also Beth.194 but I've lost my password.
    September GC - Budget £250 Spent [STRIKE]£56.33 £62.69 £64.91[/STRIKE] £69.11 (72% left)
    NSD's so far: 2!
  • LookingAhead
    LookingAhead Posts: 4,633 Forumite
    I agree. The one with the highest interest rate.
    Bank Balance: In the black for the moment.
    Sainsburys Loan: Cleared July 2010
    Credit cards: AMEX Airmiles Card: direct debit set to clear balance monthly
  • kstar_2
    kstar_2 Posts: 14 Forumite
    Thanks for replying so quickly.
    It will have to be one of the loans then, I suspect that the Black Horse loan has the highest rate, but I couldnt see a rate last time I looked at the paperwork and they probably wont allow me to overpay but I will phone them tomorrow and take it from there.

    Thanks again
  • Beth86
    Beth86 Posts: 428 Forumite
    No problem - always happy to help!
    Beth86
    also Beth.194 but I've lost my password.
    September GC - Budget £250 Spent [STRIKE]£56.33 £62.69 £64.91[/STRIKE] £69.11 (72% left)
    NSD's so far: 2!
  • kstar_2
    kstar_2 Posts: 14 Forumite
    Phoned Black Horse today and as I suspected they do have the highest interest rate 9.7 APR and they will allow me to overpay!

    So overpayments sorted!
This discussion has been closed.
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