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What's the best short term option?

Jhoney_2 · 2015-05-04 13:02:36

Hi all, Someone suggested I post here to get some help. I have a v.good 2yr tracker deal atm and was going to overpay the savings back into the mortgage every month. However I am torn because I don't understand the impact the overpayments will make. Although there is higher interest to gain - @ c2%, it's got to better to…

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Jhoney_2 Posts: 1,198 Forumite

5 May 2015 at 1:41PM

audigex wrote: »

Even better, then

Perhaps the calculator I was using does different sums to the banks, but it showed my payments as being roughly 50-50.... that said, my mortgage is relatively small, low interest and over a fairly long term (£70k over 25 years at 2.7%) so that may weight things slightly differently.

Ah, I will take your reply to Thruglemir as being in agreement.:)

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What's the best short term option?

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