Mortgage Overpayments question

Karma

Hi,

I have a £120k mortgage with C&G and I am allowed to switch. I would like to change to a mortgage that:

- Has an online account, where I can log-in and see my balance etc
- Allows me to pay in extra each month (If I can, won't be every month).

Are there any that match the above at a decent rate?

Jimbo1976

What rate are you on? If you are C&G's SVR at 2.5% you will struggle to beat that elsewhere.

Your existing mortgage should allow you to pay off extra. You need to have a chat with C&G but there should be a variety of ways for you to pay extra off. Sending a cheque etc

You won't be able to do it online but you should be able to call up and get balances.

If you are desperate to have a mortgage where you can do everything online, then you probably need an offset mortgage, however you will have to pay a much higher rate than 2.5%

Karma

According to their website, you need to set an amount you want to pay off extra each month, my problem is some months I won't be able to.

Strange that you can't do it all online in 2012.

Jimbo1976

You can make irregular payments

http://www.cheltglos.co.uk/mortgages/existing-customers/capital-repayments.html

Southend1

I'm with C&G too. You can either increase your monthly direct debit or call them to make one off debit card overpayments. I think you can also pay cash over the counter in branch though I've not tried it myself.

Somewhere on here I read a post saying if you have certain Lloyds accounts then you can see your C&G mortgage on the online banking.