We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
mortgage overpayment
liacal28
Posts: 1 Newbie
Hi Don't know if anyone can advise but we have 9 years left on mortgage and are on a fixed rate of 5.69% with nationwide. I fixed before interest rates dropped like a stone! We have been overpaying by £200 a month but wanted to know if it would be worth moving our mortgage at this point as we have penalties to pay if we leave this fixed rate. Any comments????
Thanks
Thanks
0
Comments
-
When does the fixed rate end?
How much do owe?
What is the early exit penalty?0 -
Have a look at the 'Ditch your fix' tab on Martin's Mortgage calculator
http://www.moneysavingexpert.com/mortgages/fixed-mortgage-calculator
Gary.0 -
You can overpay by upto £500 a month and this would save you 5.69% TAX free so may well be cheaper than remortgage costs0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.5K Banking & Borrowing
- 254.1K Reduce Debt & Boost Income
- 455K Spending & Discounts
- 246.6K Work, Benefits & Business
- 602.9K Mortgages, Homes & Bills
- 178K Life & Family
- 260.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards