Owning your own home

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dst2 in reply to @Dammit

yes, for the flexibility. lot of fixed term limit the overpay to 10% of the amount owed each year, check you're not running into that and adjust the years accordingly.

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Dammit in reply to @dst2

There is an appeal in setting the period to ten years and just paying the £1,200, having that cost gone would be nice. That said I probably spend more at Pret each month than the current mortgage costs me, so it's not a huge thing I suppose.

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SimonM in reply to @Dammit

If you're within a decent period of retirement (10 years), I think the best thing to do is bury any overpay in to a SIPP, take the 20% uplift (tax rebate) and then pay off the mortgage with the 25% tax free drawdown. Ezy gainz.

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