Question 1

What is the Mortgage or Invest Decision Tool?

Accepted Answer

It's a tool that helps you decide whether to overpay your mortgage or invest your spare cash based on your personal financial situation. You answer questions about your mortgage, pension, emergency fund, and investment experience.

Question 2

Is this financial advice?

Accepted Answer

No. This tool gives you a personalised analysis based on your inputs, but it is not regulated financial advice. For significant financial decisions, consult a qualified financial adviser.

Question 3

What factors does the tool consider?

Accepted Answer

The tool considers your mortgage rate, remaining term, pension status, emergency fund, investment experience, and financial goals to make a recommendation.

Question 4

Is mortgage overpayment always better than investing?

Accepted Answer

No. It depends on your mortgage rate and investment returns. Low mortgage rates (under 3%) often mean investing outperforms overpaying over the long term. But overpaying gives guaranteed returns.

Question 5

Will I be contacted after using this?

Accepted Answer

Only if you choose to enter your email. We do not require your email to see your recommendation.

Mortgage or Invest?

What is your current mortgage interest rate?