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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Pension vs Mortgage
Comments
-
I believe the OP’s forum name relates to a question they asked about their father’s teaching pension.Albermarle said:OP- your forum name indicates you have a Teachers Pension. Is this current or an old one ?Fashion on the Ration
2024 - 43/66 coupons used, carry forward 23
2025 - 62/890 -
Yes, correct. I imagined at the time the question about my father's TPS would be the only question I would ask, but the forum has proved more valuable than that.1
-
Why are you on a tracker, and not fixed?
Did it just end?
There is a case, if you have other emergency cash savings, to pay off mtg as rates climb, and increase pesnions. But i'd keep paying into the ISA too.0 -
I was on a tracker as I like to overpay when I can. Overpayment is very easy with a tracker. The average interest rate over the life of the mortgage has been less than 2% so it's been a reasonable deal. A series of fixes would have been more hassle and sometimes involved arrangement fees.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.8K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 246.9K Work, Benefits & Business
- 603.4K Mortgages, Homes & Bills
- 178.2K Life & Family
- 261K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards