This is a first class idea.
As most mortgages calculate interest on a daily basis, he might be advised to off the balance more frequently every few months, or say every £500 - £1,000 depending on his means and the size of the mortgage.
The interest he earns on the savings fall way way short of the interest he pays on the mortgage, so every pound he pays off the mortgage this month rather than next month means his total payment next month and subsequent months would be lower. Media URL: http://www.inherits.info
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