Overpayment now or a bulk payment at end of mortgage deal
Discussion
misunderstanding-they now they say can accept overpayments if reducing monthly sum rather than term as if I want to reduce term they have to refer to different dept to authorise change in mortgage term. As sometimes overpayment is only £250 not worth hassle easier to see monthly payment reduce and save money saved for eventual pay off
In the end i just did a execution only application online with current provider (nationwide).
Couldnt reduce term, or amount without a proper application so i will just overpay again.
Got a 2 year tracker at 1.24% above base with no fees at a 36%LTV on their calculations . which seems not too bad. Yes there are slightly better deals but i couldn't be bothered with the hassle. More importantly i can overpay as much as i like and also no ERC so i can keep chipping away at the debt.
Couldnt reduce term, or amount without a proper application so i will just overpay again.
Got a 2 year tracker at 1.24% above base with no fees at a 36%LTV on their calculations . which seems not too bad. Yes there are slightly better deals but i couldn't be bothered with the hassle. More importantly i can overpay as much as i like and also no ERC so i can keep chipping away at the debt.
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