Is the quick answer to always overpay on the mortgage with the highest interest rate?  Or if there are differing amounts owing, should the higher amount be overpaid?

I have two mortgages (on the same property (yawn)):-

£40,000 at 5%
£70,000 at 3.14%

The first one is variable (2% above base rate) and the plan was to keep throwing money at it due to interest rate rises.  But does there come a point when I would be better paying off the bigger mortgage?
Pink Sproglettes born 2008 and 2010
Mortgages (End 2017) - £180,235.03
(End 2021) - £131,215.25 DID IT!!!
(End 2022) - Target £116,213.81


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