Should I pay off investment mortgage first or home mortgage?

[television]

Investment property 212000 over 23 years=1200 Euros a month
Home mortgage 224000 over 33 years= 900 a month


I am thinking of moving the investment mortgage to 33 years and fixing for five years to have a piece of mind regarding payments. Should I do this or fix at 5 years over 23 years to get the investment mortgage payed off ASAP.


Anyone got any thoughts?

 

[Brendan Burgess]

You get tax relief on your investment mortgage

You get little or none on your home mortgage

So work out the net rate after tax relief and pay off the more expensive one first.

Brendan