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Overypay mortgage or invest
Comments
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Hoenir said:
Interest rates are priced. They are what they are.Altior said:Shared ownership rates have a premium over regular rates. So it's not necessarily a poor rate.
Recent stock market returns have created a high level of complacency. Leveraging has become fashionable. History tells us that ultimately this trade ends abruptly and painfully.
Yep, I feel like some other posters might have been comparing the the OP's rate to the whole of market. They are what they are, however shared ownership rates include a premium over standard repayment mortgages, circa 1% in my experience.0 -
The window is too short for investing and you are unlikely to get a savings account that beats your mortgage rate in terms of interest. Overpaying the mortgage seems to be the prudent course of action.1
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