LTV keeps reducing anyway because London ..
What about this tho?
If the value increases say 10% at minimum every 2 years and I keep remortgaging every 2 years ..
Owning the house 100% .. what does that exactly achieve? Frees up funds for next house? That I already have because I havent overpaid ..
I am genuinely seeking an answer for 'always overpay' rule.
I don't think it is an "always overpay" rule. It's an "overpay if it makes sense once you've done the sums rule".
I overpay all savings once they hit a certain point because I save more than I get in interest.
@Sparky started
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What about this tho?
If the value increases say 10% at minimum every 2 years and I keep remortgaging every 2 years ..
Owning the house 100% .. what does that exactly achieve? Frees up funds for next house? That I already have because I havent overpaid ..
I am genuinely seeking an answer for 'always overpay' rule.