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Nationwide 5 yr fix Now or Wait?
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Does anyone know if you can make overpayments on this mortgage -the only information it gives is that you can't make unlimited overpayments, but what about limited, eg 10% etc?"There's hard work. And there's not so hard work. I prefer not so hard work. But if you mix not so hard work with hard work it's harder than the not so hard work but not so hard as the hard work."
Joshua, 6 years old
Money for treats:
Internet clicking: £67.370 -
BellaBargains wrote: »Does anyone know if you can make overpayments on this mortgage -the only information it gives is that you can't make unlimited overpayments, but what about limited, eg 10% etc?
I think I read that it's about 20% max. of the monthly payment, which would be far to restrictive for me.0 -
BellaBargains wrote: »Does anyone know if you can make overpayments on this mortgage -the only information it gives is that you can't make unlimited overpayments, but what about limited, eg 10% etc?
Taken from the HSBC website:
"Early Repayment Charge
Early Repayment Charges apply to fixed or discount rate mortgages. You may increase your standard monthly payment by up to 20% without incurring an early repayment charge but will be liable to pay such a charge if you increase your standard monthly payment by more than 20%, or you repay any part of the mortgage over and above your standard monthly payment during the fixed or discount rate period."
HTH
AlanF.C United - Onwards and Upwards0
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