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Pay off HTB or overpay mortgage

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  • dimbo61
    dimbo61 Posts: 13,727 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    So save the £500 a month into a regular saver paying 5% Nationwide comes to mind.
    Then if you can't get a ISA paying over 1.6% then pay the money off the mortgage each year.
  • chanz4
    chanz4 Posts: 11,057 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Xmas Saver!
    Don't forget when comes to buy out, survey around £300-400, solicitors fees over 1k, htb charge really mounts up
    Don't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.
  • jp1233
    jp1233 Posts: 27 Forumite
    Fifth Anniversary 10 Posts
    Thanks all, it seems the general consensus is to go into savings rather than overpaying the mortgage. Thanks for everyones help.
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