We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Monthly OP or annual?

Gin_and_Milk · 2019-04-28 11:50:36

Hi, We are looking to make overpayments on our 16 year mortgage and our interest rate is fixed at 1.99% until September 2021. Realistically we can currently afford OPs of £100 pm. I've been looking through some of the threads, and it seems that it would work out better for us if we put £100 away in our savings account and…

Comments

Gin_and_Milk Posts: 400 Forumite

30 April 2019 at 6:45PM

Socajam wrote: »

I am for overpaying the pension if you have a life happens fund and an emergency fund.
I overpaid on my mortgage and it was amazing how quickly the total decreased.
I have now been mortgage free since 2015 and it's an amazing feeling.
I can travel, eat out and do things that the mortgage stopped me from doing.

That must be a great feeling!

0