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amey-
You'll be eating into the debt you've built up from buying a home, meaning you pay it off quicker.
You don't pay interest on the amount you overpay.
The money you'd save on interest often beats the returns possible by putting it in savings, given savings rates are currently so pitiful. -
This? £300 extra per month.
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Yeah, I mean basically if you are afraid of investing and you have debt, and the debt is pricier than the return on savings, pay off the debt.
If you are confident you can make the money work harder for you elsewhere, do that instead.
Tenderloin
umop3pisdn
Howard
^this and then over pay as much as possible.