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!
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?
0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards