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Missed that last part. So possibly no. And yes at this point an IFA would be the smart move. Not earning any interest = losing money. Something my ultra-numerate, but risk adverse OH refuses to acknowledge.
But my main point is I always think investment horizon should be one of the first questions.
I would also probably also work out exactly how much is needed in the rainy day fund (factoring availability of cheap debt).
Something else people don't like the feeling of is insurance. Which an IFA can help with. Not as relevant here as there is a defined objective of increasing LTV to reduce future interest rate.
hugo7
I think the larger question is: if you are doing this
is earning 3% actually winning?
I think overpaying by 100% is an indicator of the need to speak to an IFA or someone you trust who knows how to make money work for you.