Overpaying your mortgage vs saving
If you have surplus income each month, deciding whether to overpay your mortgage or build savings is one of the most common financial trade-offs. Both approaches can strengthen your long-term position, but they achieve this in fundamentally different ways. Overpaying reduces debt and guarantees a return equivalent to your mortgage rate. Saving, by contrast, prioritises […]
Five ways to prepare for interest rate rises
Five ways to prepare for interest rate rises Concerned about interest rate rises? Now, I don’t claim to be any sort of economist, but my logic works like this: Inflation usually rises when the economy overheats. This happens when people have more disposable income. Demand goes up and therefore prices go up. The Bank of […]