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Completely agree there was a time where on average over payment of £50 pm knocked 2 years off your mortgage term, and it doesnt seem too long ago.
That no longer applies in the low interest environment.
Off setting is effectively paying off your mortgage temporarily and as such the return on cash is the mortgage rate which by default is quite poor right now.
wildwest
Yes. The ‘overpay your mortgage’ is kind of residual advice from when interest rates were 5% and the rest. In low interest rates / significant inflation situations you would do better to invest as there’s a chance you won’t come out poorer.