Advice please

rovers86 · 19 August 2020 at 8:59AM

Hi 👋 all,

Have just taken out a mortgage on a £300,000 property which consists of
£23,000 deposit
£60,000 help to buy

leaving £217000 mortgage.

I’m on a 5 year fix with Barclays @ 1.8% .

Would it be better to overpay in the mortgage given the low interest rate or concentrate on saving as much on the help to buy to pay off almost all of it in 5 years time? Given that the interest rate in 5 years will only likely go up, but the help to buy is currently interest free.

thanks all in advance .☺️