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Why do you overpay?

sampa99978 · 2014-02-21 16:04:47

Hi all, I'm hoping to get some points of view from you lovely MFWers. I'm in the process of buying my first house and (all being well) am interested in making overpayments on my mortgage once we're all settled in. The mortgage will allow for overpayments up to 10% each year of the overall amount. I brought up the topic to…

Comments

Hurdler Posts: 1,361 Forumite

22 February 2014 at 8:10PM
Don't be afraid to stand up to your IFA. My guy is good but yes - at the heart of it, they are in it for business, not to do you a favour. I have been happy to follow one path of action but was not afraid to draw the line at handing over huge lots of cash that I need to ensure my freelance life is protected if work dries up.
Mortgage @ March 2008: £194,965 ; Lightbulb Moment: July 2011: £164,926; End Date: March 2033

MORTGAGE FREE: September 2015

MSE 1p Savings Challenge 2024 #50: Jan, Feb, Mar, Apr, May, Jun, Jul, Aug, Sep, Oct, Nov, Dec = £223.84/£671.61
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