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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.â€

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

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Duration:

1 minute