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Overpayments
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lvcol
Posts: 3 Newbie
We have 2 mortgages running as recently had an extension. I would like to know which one is best to overpay on. They are both for the same term but one is in the last year of a 5 year fix at 2.39% and the newer one is in the first year of a 3 year fix at 1.99%. I’m getting confused as to which one is best to overpay on? Thanks
0
Comments
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Also to add the mortgage at 2.39% is the larger amount to be paid off0
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Overpay the one with the higher interest rate.2
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