In current climate - do I overpay my mortgage or put money into savings account?

[TheOpeningActofSpring]

Someone said on another thread (can’t remember which) that it is not wise to overpay mortgage in current climate but rather save the money in an account?

I currently overpay by about £200 most months. My current deal runs out next year in March and my plan was to overpay as much as possible to put me in a better position for when I have to renew next year. Or should I be putting the money away and use it to help with higher payments on new deal (as the poster was suggesting)?

What do people think?

Fair enough. I expect most of the online advisors are aimed at the majority of people.

It sounds like most (if not everyone) on this thread know what they are doing but it’s faintly terrifying how little some people on other threads (or the examples they give of people they know) understand about how mortgages work.

The worst example was a poster who mentioned someone she had seen posting elsewhere who thought higher interest rates were better because they made you pay off more of your mortgage. 😬

Yes, it's indeed scary!
Hopefully some good will come of people following Martin Lewis on places like TikTok and Instagram.

Money and calculations seems to put off a lot of people....