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Which mortgage first?
JoeK_3
Posts: 1,374 Forumite
The one with no redemption penalty.
You may want to check this with your lender.
After that, if there is no penalty, it doesn't matter.
JoeK
You may want to check this with your lender.
After that, if there is no penalty, it doesn't matter.
JoeK
I am an Independent Financial Adviser.
Anything posted on this forum is for discussion purposes only. It should not be considered financial advice. Different people have different needs and what is right for one person may be different for another. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser who can advise you after finding out more about your situation.0
Comments
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Brilliant thanks Joe, thought it would be more complicated than that.0
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If there are no redemption penalties then I would be tempted to start overpaying the smallest one first as you could end up paying it off within around four years. No advantage as such to doing this but psychologically it might be nice to get shot of one.0
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Thanks again. Think ill get rid of the small one first that will feel better.
Shaun0
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