Small overpayments

Just a quick question- to those who make regular very small overpayments from tidying their other accounts, do you put that straight off your mortgage or do you pop it aside and make bigger payments annually?

Replies

  • FloppyDiskFloppyDisk Forumite
    855 Posts
    Eighth Anniversary 500 Posts
    ✭✭✭
    Interest is charged daily so the sooner the balance reduces better, even if only by pennies.

    Mortgage Apr 18 £417,894 BTL Mar 18 £162,857
    Mortgage now -- £381,110 BTL now --- £161,710
  • spiritlessspiritless Forumite
    81 Posts
    Tenth Anniversary Combo Breaker
    Fab, I didn't release you could do that! We've still got some unsecured debt to clear so until that has gone it will make me feel better to make some small steps to getting the mortgage down.

    Thank you
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