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Mortgage Overpayment or HTB Loan Payment
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Posts: 50 Forumite
In 3 years time our HTB loan will have expired at 0% interest and therefore will have to start paying interest.
Our mortgage is also up for renewal in 3 years time and therefore will be looking at remortgaging.
Is it better to pay off your HTB loan or overpay your mortgage payments?
we would be looking at moving house in 3 years time.
we would be looking at moving house in 3 years time.
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Comments
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If you've moving property then the HTB will have to be repaid. Overpaying the mortgage would be the better option in this scenario.0
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Been in the same situation, better to repay mortgage as even rate will be lower than htb one. However its a pain when selling and will delay a lot if you still have it
Don't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.0
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