How can I make an overpayment to woolwich online

You can't get the balance online but if you call the freephone number quoted previously above and call when the call centre is closed you can get details of your balance and also the date the last payemnt was recived so you know which payments have cleared. I like to do this because I could 'phone every night if I wanted to (I don't!)

I'm waiting for my mortgage statement too!

I'm still waiting for that Annual Mortgage Statement from the Woolwich/Barclays? Anyone received there's yet?!

The reason I'm so keen to get it is because I made an overpayment earlier in the year - I think it was 5% of the owed amount that I was allowed to overpay - But my payments still haven't changed?

My mortgage payment went out today at exactly the same amount as before. I was expecting it to be reduced? Why hasn't this happened or is this month classed as the last payment of the year? It shouldn't be though should it?

I too am awaiting my Annual Mortgage Statement. In the last year I have made a number of small overpayments (£50,£100 etc), which I was only able to do by ringing customer services and asking for the sort code and account number etc. I then made a small test payment and then rang them back a couple of weeks later to confirm it had been allocated to the account, before sending any more. I don't bank with Barclays / Woolwich but very easy now to make online payments using my own bank. I also got them to confirm that overpayments get credited instantly, and directly against the capital, which they did. Whilst customer services would seem to be outsourced to foreign climes, I found the service very good indeed, although I did have to queue as expected.

Tip: Check www.saynoto0870.com for cheaper rate numbers.

As I have a lifetime tracker at BoEBR+0.18%, I might be able to afford a few extra payments this year.

I hadn't previously considered using the mortgage current account reserve - but with falling interest rates is anyone considering utilising this facility? I must admit there doesn't really seem to be a simple explanation of exactly how it works - has anyone looked in depth at this?

MrBG wrote: »

I've also tried building a spreadsheet to track and plot payments and to show much my overpayments will affect the mortgage term, I'm nearly there but just can't seem to get all the formulae right.

I've been trying to do the same. So far I have yet to find a method of applying the daily interest and the monthly payments so that it adds up to the same figures as I get on the statement. I'm always out by a few 10's of pounds. Once these tally then I can start monitoring any overpayments I make.

If you crack it please post the answer here as it is driving me nuts!

just a thing here to add my ten penn'orth.

for several years my (now ex) husband were paying a lot more per month than we were supposed to off our mortgage. and it wasnt until we asked them something about something completely different, that they told us that our mortgage account was £4000 in credit. (payments made in advance)!! it hadnt been coming off the total at all.

they explained that this was because we hadnt formally informed them that we wanted our (proper) monthly payments re-registered at the new amount we wanted to pay!!

someone else also told us that the best way to pay lump sums off your mortgage was to save the extra up all year in a high interest savings account, and pay it off at the end of the year, just before the interest for the year was due to go on. we also had to make it quite clear that this was a 'capital payment'.

i expect with all the new mortgaes etc that are about, things are different now on paying off extra amounts, but we were very disappointed. we had been paying almost double the amount!! (i should explain at this point that it was a while ago and the actual mortgaged amount was only something like 28k.!!!