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One off payment or Regular Mortgage Payment???

Hi,
I am with Nat West and i want to pay 10% off my Mortgage. In doing so, my payments will be reduced but not my term. Would i be better off overpaying the 10% off in 12 monthly instalments?
  

Comments

  • housebuyer143
    housebuyer143 Posts: 3,977 Forumite
    1,000 Posts Second Anniversary Name Dropper
    edited 5 January 2023 at 2:49PM
     If you want to pay off 10% then one lump sum is preferable as you will pay less interest in the long term.
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