Hi After saving like crazy for the last few years, we’re now in the fortunate position that we can afford to pay a 10% lump sum off our mortgage (the maximum we can overpay with our bank - 10 year fixed). However, a friend advised that it would be more beneficial to pay an extra 10% monthly instead. He says that you save more in the long run that way. Is this correct? Surely it’s better to pay a lump sum off the capital & reduce the repayment amount enabling us to save more & hopefully pay off early once we have enough saved. Are there any benefits to monthly overpayments vs a lump sum (other than access to savings) that I’m not seeing? Thanks in advance!