We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
A&L Overpayments
Options
joe_strummer_2
Posts: 6 Forumite
I am allowed to make over payments to my Alliance and Leicester mortgage. Does anyone know if the monthly payments stay the same and the mortgage length is reduced OR do I pay less each month and the mortgage stays the same length?
Alternately will I be able to choose?
Thanks in advance
Alternately will I be able to choose?
Thanks in advance
0
Comments
-
I believe you should have the choice on what effect you want your overpayments should have. Just speak to them before you do for specific instructions.I am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
-
Cheers Homer I was hoping to avoid ringing A&L, but I think I'll have to.0
-
I've had an A&L mortgage and they allowed 10% overpayments in January every year0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.1K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244.1K Work, Benefits & Business
- 599.1K Mortgages, Homes & Bills
- 177K Life & Family
- 257.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards