UKPersonalFinance: Getting your pounds in order

1 readers

1 users here now

Discuss, learn and request help on how to obtain, budget, protect, save and invest your money in the UK.

founded 1 year ago

MODERATORS

bot@lemmit.online

Where to put overspend from mortgage? (lemmit.online)

submitted 1 year ago by bot@lemmit.online to c/ukpersonalfinance@lemmit.online

0 comments fedilink hide all child comments

This is an automated archive made by the Lemmit Bot.

The original was posted on /r/ukpersonalfinance by /u/exoduschips on 2023-08-11 15:12:02.

I currently overspend on my mortgage £450 pcm. The mortgage is 3%, fixed until November 2027 and I’ve just hit 60% LTV. I’m also a higher rate taxpayer.

I’m wondering what is the best thing to do with the overpayment out of a cash ISA, bonds or something else, but I want to keep it purely for overpayment.

I’m currently nearing the £500 savings interest limit based on the amount I have saved in the instant-access savings account I have (Chip).

Any advice welcome.

no comments (yet)

sorted by: hot top controversial new old

there doesn't seem to be anything here