Martin Lewis on whether you should focus on savings or overpaying your mortgage

Should you overpay on your mortgage?

Speaking to 5 Live’s Nihal Arthanayake, Martin Lewis said: “If your mortgage rate is higher than you can earn in savings, than overpaying mathematically adds up.”

“The big advantage of overpaying your mortgage too is that it reduces the term, and you pay interest for a shorter amount of time.”

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