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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鈥檚 Nihal Arthanayake, Martin Lewis said: 鈥淚f your mortgage rate is higher than you can earn in savings, than overpaying mathematically adds up.鈥
鈥淭he big advantage of overpaying your mortgage too is that it reduces the term, and you pay interest for a shorter amount of time.鈥
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