We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Should i overpay on my mortgage or save to pay a lump sum on HTB loan?
HanR
Posts: 1 Newbie
Hello Everyone,
Looking for a bit of advice if possible. I have a mortgage with a help to buy loan. I am in a position to either make over payments on my mortgage or save up this money to pay off a lump sum of the HTB loan at the end of the 5 years and remortgage for the remainder. Im just not sure which is more financially beneficial.
Thanks!
Looking for a bit of advice if possible. I have a mortgage with a help to buy loan. I am in a position to either make over payments on my mortgage or save up this money to pay off a lump sum of the HTB loan at the end of the 5 years and remortgage for the remainder. Im just not sure which is more financially beneficial.
Thanks!
0
Comments
-
Have a read of this as someone else asked the same question:
https://forums.moneysavingexpert.com/discussion/6183067/how-to-invest-to-prevent-the-h2b-hammer-after-5-years/p1
Mortgage started 2020, aiming to clear 31/12/2029.0 -
100% over pay0
-
What did your research and calculations conclude before you took on the H2B mortgage.
Are you sure you can save enough and have enough equity to pay off the H2B equity share?
0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.6K Banking & Borrowing
- 254.5K Reduce Debt & Boost Income
- 455.5K Spending & Discounts
- 247.5K Work, Benefits & Business
- 604.3K Mortgages, Homes & Bills
- 178.6K Life & Family
- 261.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards