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Saving/mortgage novice please help
Comments
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See https://www.gov.uk/government/publications/income-tax-getting-your-interest-without-tax-taken-off-r85
https://www.gov.uk/apply-tax-free-interest-on-savings/10-savings-rate
For current tax year http://www.taxguideforstudents.org.uk/tax-essentials/what-tax-rates-apply-to-me
From April 6
https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/293747/Fact_sheet_template_-_10__tax_9.pdf0 -
Have either of you joined your work pension? Can you increase your work hours a little?
Seems to me, that you should be overpaying mtg as you are doing, to get a better LTV for when you refinance/move but you need a better emergency pot than 3K I think.0
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