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Saving vs mortgage overpay
Comments
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If you’re earning a better rate of interest than you’re paying then you’re basically being paid to borrow money.
Why stop doing something that you’re being paid for and requires no time or effort?
Throw in that you would actually have to pay a penalty fee for ending the arrangement that benefits you and it becomes even more of a no brainier.1 -
Ideally stick your proposed overpayment into a fixed one or two year ISA. If there are two of you, one ISA each.0
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