Ask Emma: Should I increase my mortgage repayments?

7th August, 2016
4

Question: I have just got a new job with a higher salary and was thinking of increasing my repayments on my mortgage. Is it worth it? Or should I just save the extra cash?

Firstly, congratulations on your new job – and the extra cash – Claire.

The answer to your question depends on your circumstances, and what financial demands you face in the medium term and what savings requirements you have.

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