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Overpayment vs Savings?
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However with the new tax on interest rules coming in April, I am sorely tempted to start saving my overpayments at 3%+ rather than reducing the mortgage quicker
Exactly my thoughts too, especially now my rate is currently just 1.8%. I'll only get £500 tax free but it still seems like the more sensible option at the moment unless someone can convince me otherwise??? :rotfl:
Just need to be disciplined with the cash, but that's not a problem for me, i'm not a splurger!
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