Mortgage overpayment - when house price falling ?

thinkin

7 years on the mortgage . 1.64% fix 5 years. Spare cash to overpay at 300 per month and maybe some lump of 5 k to put in. Savings best is 1 % , overpay seems sensible but how do falling house prices impact that decision , if at all ? 

MovingForwards

Put simply:
Less owed to the lender = less chance of negative equity. Only a concern if you want to sell / move.
Depending on what your initial deposit was and how much has been paid off the capital to date.

Not many properties have been sold / purchased since March, can't really say whether there are falling prices yet or people are wanting to move so reducing prices to sell quickly or they were overpriced to start with.

How's your pension? 
How's your actual cash savings for emergencies?

Socajam

Personally, I would make sure that I have a serious emergency fund and life happens fund (1 year for each)
Post corona virus is going to be worst that the hell some of us are running away from when we die.
A decent cushion will help you to weather the tsunami that is around the corner and moving slowly, before gathering up speed.
Cash is going to be king, get yourself position for that, then you can start to overpay either on your pension or mortgage
Not boasting, but I am sitting back watching the show: mortgage free, debt free and have at least 6 years living expenses saved up.
During the 1980s and 1990s I was up to the eyeball in debt, barely making it  - decided to get myself together and here I am now more settled and living within my means.

Thrugelmir

House prices don't impact the decision at all. As the mortgage debt will continue to exist until it is finally fully paid off. Once the debt is settled. It removes the largest single outgoing for most people. Making life far more comfortable financially.