{"id":9528,"date":"2016-03-31T13:00:06","date_gmt":"2016-03-31T06:00:06","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-we-be-making-overpayments-on-our-mortgage\/"},"modified":"2016-03-31T13:09:32","modified_gmt":"2016-03-31T06:09:32","slug":"should-we-be-making-overpayments-on-our-mortgage","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-we-be-making-overpayments-on-our-mortgage\/","title":{"rendered":"Should we be making overpayments on our mortgage?"},"content":{"rendered":"


\nNow there are two of us, we\u2019re able to save about \u00a31,800 a month, but would like to do more than just save it up Q My fiance and I have just reached our savings goal for our wedding next year and we think that we can now redirect our savings elsewhere. However, we would really benefit from some advice.We currently pay around \u00a3750 on our five-year, fixed-rate mortgage every month. Because it was just me who bought the property originally, now that there are two of us, paying that amount each month is much easier. So much so that we think we\u2019re now able to save about \u00a31,800 a month. Saving that amount of money (especially in the current climate) has raised a couple of questions. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Should we be making overpayments on our mortgage?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Now there are two of us, we\u2019re able to save about \u00a31,800 a month, but...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-9528","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-2tG","jetpack-related-posts":[{"id":9532,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-we-save-or-make-mortgage-overpayments\/","url_meta":{"origin":9528,"position":0},"title":"Should we save or make mortgage overpayments?","date":"August 31, 2011","format":false,"excerpt":"\r Q My husband and I have an interest-only mortgage of \u00a3114,000 at 0.95% above base rate, so our payments have gone down quite a bit since rates went down. We have extra cash as a result of this \u2013 about \u00a3500 a month when we tighten our belts \u2013\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120830,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-we-continue-making-mortgage-overpayments-or-decrease-the-term\/","url_meta":{"origin":9528,"position":1},"title":"Should we continue making mortgage overpayments or decrease the term?","date":"June 21, 2021","format":false,"excerpt":"\r We could go with a period of 17 years or reduce our term and increase our monthly paymentsQ Our current mortgage deal is due to expire in September. We have 17 years left on the term and a \u00a3160,000 amount outstanding. At present, our monthly payment amounts to \u00a31,050\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138357,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/in-the-balance-with-rates-rising-is-overpaying-your-mortgage-a-good-move\/","url_meta":{"origin":9528,"position":2},"title":"In the balance: with rates rising, is overpaying your mortgage a good move?","date":"July 17, 2023","format":false,"excerpt":"\r Homeowners are desperate to find ways to reduce the bill they face each month, but should any spare cash be put into the home loan, or a savings account? We weigh up the argumentsRising interest rates have pushed mortgage overpayments to their highest levels in more than 20 years\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9530,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-do-10-penalty-free-mortgage-overpayments-mean-in-real-terms\/","url_meta":{"origin":9528,"position":3},"title":"What do '10% penalty-free mortgage overpayments' mean in real terms?","date":"August 14, 2013","format":false,"excerpt":"\r We are re-mortgaging for the first time, but are unsure whether the offer is based on 10% of the capital owingQ We are about to re-mortgage for the first time. Our goal is to pay our \u00a3170,000 mortgage off as efficiently as possible, opting to switch to a mortgage\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138674,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-i-overpay-my-mortgage-monthly-or-with-a-lump-sum-at-the-end-of-each-year\/","url_meta":{"origin":9528,"position":4},"title":"Should I overpay my mortgage monthly or with a lump sum at the end of each year?","date":"August 7, 2023","format":false,"excerpt":"\r I have a five-year fixed-rate deal, just missed the rising interest rates and want to plan for an uncertain futureQ I took a five-year fixed-rate mortgage last summer and was lucky enough to just miss the rising interest rates. I\u2019m looking ahead, as things could still be tricky in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120834,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/im-paying-off-the-mortgage-on-my-flat-whats-the-best-way-to-buy-a-house\/","url_meta":{"origin":9528,"position":5},"title":"I\u2019m paying off the mortgage on my flat \u2013 what\u2019s the best way to buy a house?","date":"June 7, 2021","format":false,"excerpt":"\r I\u2019m wondering if I should sell my current property, or try to keep it to bring in rental income Q I bought my flat with a mortgage about six years ago, scraping my way in as a first-time buyer just before any of the government\u2019s help-to-buy schemes were available.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/9528"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=9528"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/9528\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=9528"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=9528"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=9528"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}