To ask how much (or if) you overpay on your mortgage

[WhenSheWasBadSheWasHorrid]

Pure noseyness on my part. But I was just wondering how much people overpay their mortgage.

We are really keen to pay ours off as soon as possible. Bought the house 5 years ago and the amount we pay in interest on the mortgage makes me want to weep.

At the moment we are overpaying by £550 a month. Lucky to be able to afford.

We overpay £80 per month. I'm 29 and on track to clear the mortgage by 40, but I expect we will move somewhere bigger and more expensive before then.

That's a huge amount op

Thanks, I should have said we are able to overpay due to grandparents providing childcare. What we save there we spend on the mortgage. We are very lucky.

Hubby pays whatever is left at the end of the month as mortgage overpayments, usually £800-1000 I think. He says whilst the interest rate is so low there's no point having it in a savings account - I just smile and nod.

Not a regular amount, but I make one-off payments when I've got a bit extra in the bank. I reduce my monthly payments whenever I put in a lump sum, so as my monthly payments are decreasing, the amount I'm able to save and use as a capital repayment goes up. I paid off about £5000 last year and if all goes to plan I'll be mortgage-free in about three years' time.

Nothing, against my better judgment, because while I am a saver, He is terrible with money and I refuse to pay more than him when he earns decently, and more than me. It's 50-50 and that's the only way it can stay that way.

But I sneakily reduce the term every time we remortgage Just done it last month and knocked off three years.

Hello when! PM me when you have time and let me know how you're doing

As for mortgage, we have always rounded up to the nearest £100, so for first 5 years we overpaid £25 a month, then for 1.5 years we didn't over pay as I was on mat leave. Current overpayment is £40; we're on a tracker that's going to go down so will be overpaying by £60. I would live to overpay more but life gets in the way too plus paying out for childcare

I save £300 a month in 3 accounts, one each for me, OH and son. Son's account earning 6% interest (Halifax kids saver) and mine and OH's earns 5% (TSB) plus we get £5 back a month if we spend £100 using our contactless card .

This isn't our forever home as well, is it worth overpaying lots more if we can?

£30, which is 2%. But every little helps, right?!

Nothing. My mortgage rate is 1.4%. We have 20 K in santander earning 3%. So it would be silly to transfer that to the mortgage. We have other funds, and my OHs company is an employee ownership ROI . Company is currently yielding 30% pa with top ups.

Currently about £30 a month but earlier this year we paid off £10k in a lump sum so this takes us to the max 10% over-payment allowed. Also we are in the process of remortgaging and once that goes through we'll be overpaying by £120 (the same monthly payment as we currently pay but the compulsory mortgage payment has gone down). We can only over pay by 10% again so it's not really worth us paying off much more as we'd incur charges above the reduction iyswim.

I try to overpay an amount which reflects whichever is higher out of:

• paying the amount that we would pay if we were renting the house at normal market rates
• paying the amount we might have to pay in future if mortgage interest rates leap up to 6 or 7 %

The idea being to ensure that we have some financial resilience if bad stuff happens in the future.