Limit to HBOS Standard Rate Mortgage overpayments?

Rikki

lobster123 wrote: »

Rikki, I was thinking that this would be the easier option for me too. Do I have to stress that the payment is coming off the capital part of the mortgage first?

If you have an interest only mortgage payments come off the capital owed and the term remains the same. You are not restricted by the 10% overpayment rule on interest only.

You need to contact the bank to find out how you can make your overpayments.

Rikki

dogrose wrote: »

Rikki do you bank with HBOS because I have never managed to do this online. I tried again last night after reading your post, and it was rejected.

I bank with the co-op bank.

You need to have the banks sort code and mortgage account number, your mortgage number is the bill reference number. You will have to contact the HBOS for this information.

Hope this helps.

Dumyat

its ok. I had all those details and it still rejected. I have asked in branch before and was told it was only possible to pay by standing order, I just wondered if it had changed.
Perhaps its possible paying from one bank to another and not an internal transfer as it were...