Continue Overpaying Mortgage or Save?

Hello, I've tried using the MSE Calculator, but I can't see a provision to put in the end date of my Fixed Rate Mortgage Rate of 1.79%, that ends in 18 months? I am currently overpaying by £160 per month, should I carry on, or put this into a Regular Saver?

Comments

  • badmemory
    badmemory Posts: 7,760 Forumite
    First Anniversary Name Dropper First Post
    Personally I would be checking what my loan to value would be both with & without the overpayments.  Whilst you will get better interest on the regular saver it may not be the absolute best.  My regular saver is for 2 years so that would not be a good idea for me.  Maybe a regular saver for one year then overpayments with the regular saver money being available at the fixed rate end.
Meet your Ambassadors

Categories

  • All Categories
  • 343.1K Banking & Borrowing
  • 250.1K Reduce Debt & Boost Income
  • 449.7K Spending & Discounts
  • 235.2K Work, Benefits & Business
  • 607.9K Mortgages, Homes & Bills
  • 173K Life & Family
  • 247.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards