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Overpay monthly or lump sum

jdh3
jdh3 Posts: 16 Forumite
Ninth Anniversary
edited 3 June 2020 at 8:54AM in Mortgage-free wannabe
Removed thread

Comments

  • dark^knight
    dark^knight Posts: 526 Forumite
    Part of the Furniture 500 Posts Photogenic
    Hi, if you are not in a fixed rate period, one option that would be a good compromise would be an offset mortgage.
  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    edited 13 February 2020 at 12:02PM
    If you can get more than 3.09% on your savings, then it would be best to save up and pay in one lump sum.

    If not, then you're just eroding the value of your own cash.

    Obviously if you're concerned about having no available cash, you need to rethink overpaying.
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