The Property Podcast ASK450: Should I over-pay my mortgage? PLUS: Did the government just find £16 billion?
Oct 15, 2024
Listeners dive into the pros and cons of overpaying a mortgage versus investing for greater returns. One question explores whether reducing monthly mortgage interest can boost overall profitability. Another significant discussion centers on government debt and potential new spending, speculating its impact on the property market cycle. The hosts provide insights that challenge conventional wisdom, ultimately reassuring that recent funding changes may not significantly alter market dynamics.
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Mortgage Overpayments vs. Investing
- Prioritize investing over mortgage overpayments for better returns.
- Keep cash liquid for portfolio expansion, even if returns are slightly lower.
Government Accounting Change
- The UK government's accounting change creates perceived fiscal headroom.
- This accounting change doesn't significantly impact the property market.
