When to Overpay

wacker293

Hi guys


Im with Northern Rock until april 2010 and wanting to overpay so i can hopefully get a decent rate when renewing.

Just wondering when's the best time to make an overpayment on my mortgage??

If My interest gets calculated daily does it not matter when i make the payment??

Thanks Guys

littlemrtinkle

if you are on daily interest then the sooner the better, to start saving straight away :-)

dimbo61

Check with NR if any limits to overpayments and how best to do this either standing order each month when you get paid( you have control! ) or direct debit