Woolwich overpayments

becominganobsessivesaver

I took out a first time buyer 3 yr fixed rate in feb 06 at 4.99%. This ends in March and moves to Barclays base rate + 0.95%. Following yesterdays news it looks like the amount we're payaing is going to drop significantly (touch wood), I was therefore thinking about overpaying (since i had actually prudently budgeted for an increase of £150).

I was wondering if anyone knew what level of overpayments are allowed with Woolwich after the fixed rate period is over (as i know that only 10% is currently allowed.)

We took out a 95% mortgage, and we are ideally looking to move to a bigger house in 4 years or so, therefore I want to build up as much equity as possible (which is obviously difficult in the current environment!)

Welshlassie

Usually once youa re out of any fixed rate and on the SVR overpayments are unlimited. Check out the original mortgage offer (Key facts Document) this will give you all the info you need. If you need any further clarification phone and ask them.