We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 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!
275k mortgage 20 year target

danfreestone
Posts: 9 Forumite

Myself and my wife are buying a new house in March at 275k with a 2.45% interest rate over 30 years we will be paying £1070 per month.
We are looking to overpay by at-least £500 per month, through my work i can save £500 a month with SAYE which i then can buy shares or get my £18,000 back every 3 years. The company i work for shares are very volatile last 3 year period i made £10,000 profit.
As i can always get the £18,000 back am i right i thinking the risk of the shares not making profit is about £450.
Would i be wise to pay £500 a month directly off the mortgage or pay into the SAYE and every 3 years pay off a lump sum of £18,000 plus any profit.
We are looking to overpay by at-least £500 per month, through my work i can save £500 a month with SAYE which i then can buy shares or get my £18,000 back every 3 years. The company i work for shares are very volatile last 3 year period i made £10,000 profit.
As i can always get the £18,000 back am i right i thinking the risk of the shares not making profit is about £450.
Would i be wise to pay £500 a month directly off the mortgage or pay into the SAYE and every 3 years pay off a lump sum of £18,000 plus any profit.
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351.5K Banking & Borrowing
- 253.3K Reduce Debt & Boost Income
- 453.9K Spending & Discounts
- 244.5K Work, Benefits & Business
- 599.8K Mortgages, Homes & Bills
- 177.2K Life & Family
- 258.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards