Overpaying mortgages

Gibson033

When we moved 2 years ago we stayed with same provider so now have the mortgage from old property and the mortgage for our new home running side by side both on the same fixed rate with a term difference of about 2 months.  I am able to overpay and have been paying equal amounts off each mortgage but was wondering if this is the right way or should I just make my over payments to the higher of the two? The balance of which is only around 2k higher.  Thanks

ddonq1412

Pay off the 1 that has the higher interest rate with it. If they are both on the same rate either is fine making sure you down over pay one too much that you get charged a fee.

penners324

If you ported both mortgages are on the same property.

Gibson033

They are on the same property but are separate

Gibson033

I can make unlimited overpayment, no fees

ElizabethRose

Always pay the item with the highest interest rate first as in the long term you'll be paying back less.

Thrugelmir

You have one mortgage and two loans (or otherwise known as sub accounts) attached on the property.  Focus your overpayments on the one with the higher interest rate.