You are reading a single comment by @NickCJ and its replies. Click here to read the full conversation.
  • Be going in circles reading on this so...

    My mortgage is set for renewal next summer and obs the consensus is interest rates are going up.
    Does anyone think it's worth putting savings (lump sum) into the mortgage to try to bring the repayments down?
    Expecting house prices to go down but we have a 40% LTV at the moment...

  • Depends if you need the cash in the near future. Obviously the month-to-month impact of even quite a large lump sum paydown will be disappointingly small.

    Compromise would be fixed offset and dump the savings in there 1 day after completion. But you would usually pay a higher interest rate for the flexibility to get the cash back out again.

About

Avatar for NickCJ @NickCJ started