Overpayment has reduced standard monthly payments!

regularsaver1

if you pay at counter most places ask you what you'd like to do

if you overpay by standing order it will be slightly different

but if you are on daily interest then the capital and the interest will take effect that day

Joe_Bloggs

@johnnydoe
I can almost understand the situation you are describing. It would be wrong of me to phrase your question in my words. I would say yes to what you have said. There have been strange, yet humorous battles, over tit for tat mortgage overpayments and subsequent payment reductions by the lender.

Getting to grips with a mortgage calculator is worthwhile for ' what if ' and 'how much when' financial planning, especially when overpayments are a factor.
J_B.