Ready, steady… save!
You don’t need a chart to join in. Here are 2 ways to record your savings:
1. Cross it off
Pop a chart into your first post. Saved an amount? Cross it out! Read more »
£0.01 £0.02 £0.03
2. Write it down
Skip the chart and add updates to your first post. Read more »
“Another +£3 saved today. Go me!”
Use +£ before each new saving so it counts towards your total.
📨 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!
Which should I Overpay
postieeeeeee
Posts: 2
Newbie
I have a 3 sub account mortgage
1. £23700 @ 5.20%
2 £51000 @ 3.94%
3 £18800 @ 4.08%
Which should I Overpay on £280 per month ?
Many thanks
1. £23700 @ 5.20%
2 £51000 @ 3.94%
3 £18800 @ 4.08%
Which should I Overpay on £280 per month ?
Many thanks
0
Comments
-
Highest interest rate, I'd suggest.Now a gainfully employed bassist again - WooHoo!1
-
Unless this is a trick question, and in the absence of any other information, obviously the one with the highest interest rate.
Having said that
a) paying over £2370 a year on that one may attract ERCs, speak to your provider
b) As you have multiple interest rates they may apply overpayments in a certain order, again speak to your provider.2 -
Im currently paying on the highest interest rate 1, upto allowed amount. But my query comes as that is only on 23k whereas there's a lower rate on the 51k amount, but as its a higher amount I'm paying more interest in that 10
-
Its the percentage that is the important thing, not the amounts involved.postieeeeeee said:Im currently paying on the highest interest rate 1, upto allowed amount. But my query comes as that is only on 23k whereas there's a lower rate on the 51k amount, but as its a higher amount I'm paying more interest in that 1
2
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.9K Banking & Borrowing
- 255K Reduce Debt & Boost Income
- 456.2K Spending & Discounts
- 248.4K Work, Benefits & Business
- 606.1K Mortgages, Homes & Bills
- 179K Life & Family
- 263.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.7K Read-Only Boards