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Overpay on residential or buy to let mortgage?
secondtoughest
Posts: 234 Forumite
Edit as info no longer needed
2016 diet challenge 16lbs/42lbs lost
2014 MFW #114: £5000 overpayments made
2015 Savings Challenge #65: £6000 saved
2014 MFW #114: £5000 overpayments made
2015 Savings Challenge #65: £6000 saved
0
Comments
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The interest on the ones you are renting can be offset against your tax bill. Therefore not the smartest mortgages to repay.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
Normally overpay residential mortgages first.
Though at 6% for the BTL a close call with Santanders SVR if you are basic rate taxpayers.0
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