Scottish Mortgage Podcast

Your Mortgage: Monthly vs Yearly Overpayments Explained!

Tony Flynn

Looking to save money on your mortgage? In this video, we break down the benefits and considerations of overpaying your mortgage either monthly or annually. Whether you're aiming to reduce your debt quickly or seeking a flexible option that fits your budget, we've got you covered.

🏠 Monthly Overpayments: Discover how a steady approach to overpaying can save you thousands of pounds in interest and keep you on track with your financial goals.

💷 Yearly or Lump Sum Overpayments: Learn about the flexibility of making a lump sum payment, especially if you receive bonuses or unexpected income.

🔍 Finding the Right Balance: We'll guide you through the factors to consider when deciding between monthly or yearly overpayments, including your budget, interest rate, and personal goals.

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