2 mortgages and overpayment
Discussion
Hi all
I have two mortgages (one ported from my first flat and one top up so I could buy my first house after the flat sold)
Balances are £274,156.10 fixed until 31/3/2022 with payment of £1,309.23 per month this rate will drop to 3.49% at renewal if base stays the same and the second is £122,930.23 fixed until 31/5/2019 with payment of £590.37 per month and same drop in rate at renewal. Rate on both is 3.99% (Not UK so best rate availible to me). 28 years left to run.
Which mortgage do I overpay? Do I split 50/50 money supermarket is telling me I will save more interest chipping at the smaller one.
Thanks for any help.
I have two mortgages (one ported from my first flat and one top up so I could buy my first house after the flat sold)
Balances are £274,156.10 fixed until 31/3/2022 with payment of £1,309.23 per month this rate will drop to 3.49% at renewal if base stays the same and the second is £122,930.23 fixed until 31/5/2019 with payment of £590.37 per month and same drop in rate at renewal. Rate on both is 3.99% (Not UK so best rate availible to me). 28 years left to run.
Which mortgage do I overpay? Do I split 50/50 money supermarket is telling me I will save more interest chipping at the smaller one.
Thanks for any help.
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