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Mortgage overpayments

Last post Sun, Nov 01 2009, 3:38 PM by conmankiller. 1 replies.
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  •  Sun, Nov 01 2009, 3:38 PM

    Re: Mortgage overpayments

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    coney - I would make the overpayments on the loan portion that costs you the highest % rate of interest first.... this I would assume will be the £28K unsecured part of the loan.
    • Post Points: 5

  •  Sat, Oct 31 2009, 5:51 PM

    Mortgage overpayments

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    I need your help people!

    In the new year I will be able to make overpayments on my Northern Rock 'together' mortgage. Northern Rock said I can make overpayments on either the secured bit or unsecured. Which should I do? I'm thinking the unsecured bit to get it down! Unfortunately I took out a 125% mortgage and have about 28k left unsecured to get rid of.

    Thanks for your help!
    • Post Points: 20