Bit of a loose comment on my part. UK lenders often restrict over-payments to a certain amount per year, or don’t allow them, or even penalize them (effectively making you pay to pay off your debt early). Thus the very aggressive over-payments J.D. advocates might not be possible for many UK homeowners.

What I meant really was “everyone would be advised to check the small print because this isn’t a universal”.

Certainly overpayments are a great strategy in general – I keep meaning to write about making them in the current low-interest environment, where UK mortgage holders have seen their tracker mortgage rates fall, freeing up extra income that could go on capital payments.

Thanks for the comments. I’ve been turning comments off in general on the blog since I have so little time to post, let alone moderate and respond to comments. But when I get a query/comment like this I see the benefit. Hmm.

Good luck with your $1million goal!