Direct debit V Standing order

Flyinsparks_2

Hi all
Newbie here so please be gentle!
My question is this: Can I change my mortgage payments from DD to SO or am I breaking contract?
The mortgage is with Nationwide and I am in the middle of a three year tracker. If this is the wrong place to post this sorry!

seaneen1982

I'm with Halifax, but I just called them and asked if I could change to from direct debit to standing order, so I could overpay with the option to change the amount of overpayments myself online if I wanted to overpay more or less. They told me to go ahead and set up a standing order online, and then delete the direct debit, all very straightforward.

Woby_Tide

Stupid question but why do you want to change from DD to SO? I understand the second posters reasons but also that could easily be done by leaving the DD as is and adding an SO for any overpayment amount. Whilst it makes it 2 payments it also removes the risk of a missed payment due to unforeseen circumstances whilst still giving the flexibility of overpayment. When we were with Nationwide they set up an SO for us to the mortgage account that we could use when we liked or set regular payments to