Mortgages with online (repayment) access?

egyptiangirl

Sorry if this has already been posted but it's difficult to search.

Are there any mortgage lenders that allow you to have online access to your mortgage account AND make adhoc payments (not offset)?

I'm thinking 'no' as the whole point is that they make money from you borrowing the whole lending period but would be interested if there are any?

Thanks

Gromitt

Plenty of banks allow you to see your mortgage amount via online banking (although few allow you to see statements)

There are also plenty of banks (eg. HSBC) which allow you to make unlimited overpayments to your mortgage at no charge.

egyptiangirl

Gromitt wrote: »

Plenty of banks allow you to see your mortgage amount via online banking (although few allow you to see statements)

There are also plenty of banks (eg. HSBC) which allow you to make unlimited overpayments to your mortgage at no charge.

Yes I know this, but do any do what I actually asked? i.e online repayment

Gromitt

Yes, for example, HSBC, as I've already stated.

HSBC wrote:

If you have an HSBC checking account or savings account, you can simply transfer funds from that account to your mortgage account to pay your monthly payment.

Thrugelmir

egyptiangirl wrote: »

Yes I know this, but do any do what I actually asked? i.e online repayment

Providing you have the full account and bank details then its possible to make online payments at any time.

pinkteapot

egyptiangirl wrote: »

Yes I know this, but do any do what I actually asked? i.e online repayment

HSBC do - we have HSBC accounts and a mortgage and overpay online.

However, if you're looking for convenient access to make overpayments wherever you are, be aware that HSBC use a secure key for access to online banking. Little thing that looks like a calculator that generates a code you have to enter to log on. So you'd have to carry it around with you.

Bluemeanie_2

I used to be with Accord mortgages and they didn't offer online access. You could ring up the automated service and get a balance on the automated thingy. That used to annoy me as it was an 0845 number (I have since discovered "say no to 0845").

I swapped to HSBC and that is brilliant, you sign in using the calculator thingy and look at your balance anytime and make OP look at transactions etc.

I am a bit of a saddo, love looking at the balance longing to ee when it is paid in full!

What I like about HSBC is aswell, you can request to swap rates online. So when I hit a lower LTV % I swap to better rate. Currently on the 80% LTV, about £6k to go for the next one.

RenovationMan

All my overpayments to Santander/Abbey are made online. You just need to contact your mortgage provider to get the sort code and account number to transfer the money to (usually a holding account) and you normally set the payment description to your mortgage reference.

egyptiangirl

Brilliant. Thanks everyone for their replies. Happy new year

originator

Nationwide too,easy peasy online.For the last 2 years I had been sending cheques to overpay,now I save on postage stamps and time,luffly!