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Overpaying pre or post remortgage
Wanderingbear
Posts: 18 Forumite
Evening Everyone,
Looking for some advise pls. I have a low mortgage of £35k which is currently on fixed rate 1.79% due to end in Jan. Looking to fix again for 2yrs at 6.14% or maybe fall onto follow on rate. My question is I am able to pay a 10% overpayment off befor the cheap fixed rate ends, which equate to £4200. Would I benefit more savings from paying this off before I move to higher rate or paying it off after?
Looking for some advise pls. I have a low mortgage of £35k which is currently on fixed rate 1.79% due to end in Jan. Looking to fix again for 2yrs at 6.14% or maybe fall onto follow on rate. My question is I am able to pay a 10% overpayment off befor the cheap fixed rate ends, which equate to £4200. Would I benefit more savings from paying this off before I move to higher rate or paying it off after?
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