Over payment lump sum or monthly

TopGunner1978

Probably a daft query but is there a benefit overpaying the max of my yearly allowance in 1 hit and reducing my monthly direct debit or just over pay the 10% each month?

My thinking is probably best to over pay with 1 lump sum, reduce my direct debit to the minimum to avoid over payment charges and pay more into my savings.

Thanks for any advice.

la531983

Are you not considering just putting EVERYTHING into savings if you can get a better interest rate (after tax) than the interest rate on the mortgage? 

TopGunner1978

la531983 said:

Are you not considering just putting EVERYTHING into savings if you can get a better interest rate (after tax) than the interest rate on the mortgage? 

Yes, I am considering that also but this is my last year at a good interest rate although I will be hoping for rates to come down by next August.