Mortgage Overpayments

Drucifer

ValiantSon wrote: »

That all depends on the time frame of your Vanguard investment. I assume that you aren't intending to touch it for at least 10 years (possibly longer), and therefore you are more likely to achieve a greater return through Vanguard.

I won't be touching the Vanguard investment until I retire so I'd say at least 3 decades, I'm hoping my investment grows nicely within that time, I'm very focused on the long term because I doubt a comfortable retirement will happen by accident and I'm also doubting the existence of the state pension at that time, a paid off mortgage, a pension and an investment pot all sounds useful to me at retirement age.

Thrugelmir

ValiantSon wrote: »

Buy a lottery ticket then. You have a 1 in 97 chance of winning £25. The chance of winning the same amount with one premium bond is 1 in 24,500.

Would you prefer your £2 back though, to enter next months draw, and the month after , and the next.

kidmugsy

bertpalmer wrote: »

Personally I would invest it. My thoughts are that you could easily make 10% a year on it. Minimum.

Blithering idiot. Behave!

ValiantSon

Thrugelmir wrote: »

Would you prefer your £2 back though, to enter next months draw, and the month after , and the next.

Still rubbish odds with premium bonds.

I'm not really advocating buying lottery tickets, I'm illustrating a point.

redux

You said this is your first mortgage. If the available money means the proportion mortgaged could drop into a cheaper band of possible interest rates, it might be worth working towards the next mortgage a bit earlier.